3-14-2006 Daily Stock Picks

Ticker Stop Target Fade / Breakaway L/S Open On Open
INFA 14.33 15.88 Breakaway L 15.06
MYOG 36.56 32.56 Breakaway S 35.24
PSTI 24.56 23.11 Breakaway S 23.84
GMXR 29.89 34.74 Breakaway L 31.86
SGR 31.76 29.56 Breakaway S 30.94
AH 57.47 55.01 Breakaway S 56.29
BDY 12.49 13.97 Fade L 13.16
FMD 41.24 45.94 Breakaway L 43.41
ELN 14.27 15.74 Breakaway L 14.93
PAY 29.42 28.06 Breakaway S 28.78
TTM 20.61 19.06 Breakaway S 19.97
VNT 20.71 18.56 Breakaway S 19.79
PENN 36.98 39.29 Breakaway L 38.06
BKHM 8.71 7.61 Breakaway S 8.27
LVS 46.09 49.98 Fade L 47.76
EDR 16.56 15.01 Fade S 15.94
HMY 12.98 14.23 Breakaway L 13.51
BRS DT-S

For instructions on precisely how to trade using these picks, please CLICK HERE and read the section entitled “White Regions”

 

I have a negative bias for today but still have a diverse set of picks in case I am wrong like yesterday. I have found this to be the best way of handling these markets.

*** A Note for Today & from this point forward, “On Open” plays are now to be played via a 5 min breakaway or reversal with a stop over the 30 minute high or the high of Pre-Market trading (whichever is higher)… I’ll try to come up with a better notatation as now “On Open” seems rather confusing. Another point, if within that 5 minutes price advances in the direction of the target such that the Reward : Risk would be less than 1:1 based on where the stop would have to be, then the play will be SCRATCHED.

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