Real Time Stock Trading Picks pt1

Daily Stock Report for Tuesday Morning, March 9, 2010 pt1

The change in stock indexes today were not important with little change made by the close. The volatility was also low with the VIX now below 18.

The indexes were down 0.13% on the Dow30, +0.25% for the Nasdaq Composite and the S&P 500 had no change. After following a day like Friday and week like last week, it normal to see stocks have little change the following couple of days.

The drumbeat of raising interest rates by the Fed in the next 6 months is starting to be heard now both last week and today. We heard it from a Fed Governor last week and some economist today.

In the meantime, some tech stocks liked RIMM jumped 5.6% today. What is noteworthy is that an analysts upgrade caused RIMM to move up that much. This gives a little idea of how the market is reacting to certain news now. A short two weeks ago, the market was not in any mood to react that positively to upgrades.

REPEAT from last report: We now have to interpret this rebound from the February 5th lows to above January highs as a bull run that is continuing and this latest pullback was deeper and longer than the previous ones since the March 10th low of 2009.

Another factor to watch for is the stimulus from the US government is due to expire at the end of March. This is the massive of buying of the mortgage backed securities to give liquidity to the system started over a year ago. The big question that remains is whether this needs to be extended or the free market system can support what was on life support in late 2008 and still fragile through much of 2009.

Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at the time of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice. Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

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