Stocks to Buy June 18, 2009 6/18/09

Wednesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for June 18, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Discuss Stocks - www.stockstobuy.org

Stocks to Watch - 6/18/09 - Stock Market Ideas

Stock Market: Why has the stock market been selling off this week? We are getting some weaker guidance from companies like Best Buy Co. Inc. (BBY) and FedEx Corporation (FDX). Also, we have broken down slightly on a technical basis. Check out some of my Dow Jones technical analysis. The 10 day moving average could potentially break back down through the 200 day moving average...this would be bearish for the short term. If the Dow Jones gets back to the 50 day moving average and fails, we will have some major problems and i'd expect the Volatility Index ( VIX ) to spike even more. Currently, the VIX is 31.50.

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock took a beating Wednesday morning but bounced back during the afternoon. If FAS can break above the high of the day ( $9.23 ) is will run even further. I took a shot on FAS in the morning and sold half at $8.92 early and then sold the other half after the Obama speech at $9.12. As for the FAZ, if we have another huge spike higher in FAS, I will jump into the FAZ when FAS is near $10. FAS now has support at $8.80 and $8.60.

Citigroup Inc (C:NYSE) - Citigroup stock fell to $3.00 on Wednesday and then bounced back to the $3.20 area. Previous support levels of $3.26 and $3.32 will now become areas of resistance and traders who were caught at those levels or higher will be inclined to sell. All eyes will be on the next earnings report in July.

Bank of America Corporation (BAC:NYSE) - Bank of America stock hit support of $12 on Wednesday and then reversed to break the high of the day. This is very bullish action and the buy the dip strategy is still good for BAC.

Wells Fargo & Company (NYSE:WFC) - Still looking for $22 on WFC to jump in, this was a stock pick from Guy Adami on Fast Money about a month ago. Guy said a great entry point would be to get in Wells Fargo around $22.

Research In Motion Ltd. (RIMM) - Keep an eye out for RIMM earnings 6/18/09 after the bell. RIMM is expected to earn $0.96 cents for the quarter.

Ford Motor Company (F) - Ford had a great reversal on Wednesday. Ford broke support of $5.50, tanked to $5.30, and then started climbing. I will either try to buy under $5 or wait for Ford to get back above $6. Right now, it is in no mans land. The company has a bright future ahead!

Jazz Pharmaceuticals, Inc. (JAZZ) - JAZZ stock was one of the most volatile stocks on Wednesday. Shares of JAZZ sold off to $3.04 and then exploded higher around 1pm EST to hit $4.15. I continue to monitor JAZZ stock because I still think it is worth trading. $3 has become solid support.

Other Stocks to Watch - June 18, 2009

MTM Technologies Inc. (MTMC)
Savient Pharmaceuticals, Inc. (SVNT)
Molecular Insight Pharmaceuticals, Inc. (MIPI)
Alvarion Ltd. (ALVR)
Metalico Inc. (MEA)
Matrixx Initiatives Inc. (MTXX)
Hansen Natural Corporation (HANS)

Penny Stocks to Watch - Nasdaq, Amex, NYSE - 6/18/09

Asure Software, Inc. (ASUR)
CytRx Corporation (CYTR)
HSW International, Inc. (HSWI)
ValueVision Media Inc. (VVTV)
Keryx Biopharmaceuticals Inc. (KERX)
Cell Therapeutics, Inc. (CTIC)
Hemispherx Biopharma, Inc. (HEB)

OTC - Pink Sheets - Stocks to Watch

SpongeTech Delivery Systems, Inc. (SPNG.OB)
EV Innovations, Inc. (EVII.OB)
Syndication, Inc. (SYNJ.PK)
Nephros Inc. (NEPH.OB)
MAGELLAN ENERGY NEW (MGLG.PK)
Ingen Technologies, Inc. (IGNT.PK)
BioElectronics Corporation (BIEL.PK)
LIGATT SECURITY INTE (LGTT.PK)

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free