WCN looks good, stock pick for bullish stock list
May 20th, 2010 richkI have noticed that WCN stock chart is very bullish. I put this stock pick into watch list for possible long trade in my technical strategies.
I have noticed that WCN stock chart is very bullish. I put this stock pick into watch list for possible long trade in my technical strategies.
I bought CPN based on setup in my trading newsletter during fear and panic last week. And CPN is really strong. It moved up. I think that CPN has more upside potential.
I like strong action of CPN and have prepared trade setup to buy this stock. Details are available for subscribers of my ETF & stock newsletter.
Here is chart describing this idea.
I am monitoring MMM stock for stock trade in my technical strategies. I like last breakout and will look for entry near support level 84 – 85. Now I wait.
Investors lost its appetite to buy pharmaceutical companies. PPH – Pharmaceutilas ETF indicates such situation. It looks like any rally in PPH is shortable. I will monitor it in my ETF Trading to prepare some setup. But we are in strong bullish stock market trend and therefore I will set up only half size trade for this idea.
I have noticed that ADBE does not want to go higher. It is headed down. Good stock pick for shorting rallies.
I like KFT stock. This stock chart is still bullish and I am already in position trade for several weeks. Now I added into this position as I expect more upside for this stock
I monitoring IDU – Utilities ETF. It is breaking out of consolidation pattern and is poised for further gains. I am preparing new trade setup to trade this new trend.
GOOG chart is not very bullish for me. I monitor it as one candidate for possible short trade setup for my ETF & Stock trading newsletter and my fund

I wrote into my commentary for today’s ETF & Stock Trading newsletter :
“There is shortened trading week. Tomorrow is no trading in USA. But situation is still very bullish. Stock markets do not want to make any pullback. Such healthy pullback should offer good opportunities for new long trades.
I do not feel comfortable with opening new longs now.
Still the situation is not good for new shorts. Stock market bias is pushing weak stocks higher. It means that stop loss orders are easily triggered. I am now ready to open short trades with smaller size preferably.”
So I have found that E is relatively weak stock . I have trade setup for short trade in this stock

















