Stock Pick for 1/7/13

Stock Name: BIIB (Biogen Idec. INC)
Entry Price: 145.93
Action: Short

Stock Pick for 12/27/12

Stock Name: DORM (Dorman Products Inc)
Action: Short
Entry Price: 36.63

One Way of Finding a Trend Lines

MACD is a great way to find strong support points. Especially MACD on bigger time frames (Monthly Chart) because it gives the trader a very accurate read on strong support points.

Monthly Chart

Here is an Example:

Notice the 4 lines on the chart above. See how at every line the stock reverses itself, creating a support line.

Now look at the MACD indicator, notice how at every reversal point the MACD line is below and pointing up at the Exp Moving Average creating a great signal for support.

This is a great way to find support points to make accurate and consistence trend lines every time. This can be also used for the resistance line just do the opposite (MACD line is above and pointing down at the Exp Moving Average creating a great signal for support).

Weekend Stock Pick For 10/8/12 (Result)

Stock Name: SANM (Sanmina-Sci Corporation)
Action: Buy
Entry Price: 8.13
Exit Price: 7.92
Days Held: 3 days
Result:-0.14
Failed

Weekend Stock Picks For 10/8/12 (Result)

Stock Name: PDCE (PDC Energy, Inc.)
Action: Buy
Entry Price: 32.39 Previous Post
Exit Price: 32.95
Result: +0.56
Success

Weekend Stock Pick For 10/8/12

Stock Name: SANM (Sanmina-Sci Corporation)
Action: Buy
Entry Price: 8.13

Weekend Stock Picks For 10/8/12

Stock Name: PDCE (PDC Energy, Inc.)
Action: Buy
Entry Price: 32.39