Stocks to Buy July 9, 2009 7/9/09

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 July 9, 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 - 7/9/09 - Stock Market Ideas

Head and Shoulders Pattern - First, before I buy or watch any stocks, I must remind myself that the stock market is breaking down on a technical pattern called the head and shoulders formation. The neckline was broken on Tuesday and there is now a clear downtrend. How long will this last? Not very sure but I am looking for at least 8000 to be tested before the downtrend ends. Rallies back to the 10 & 50 day moving averages should be sold. You can see my Dow Jones Analysis each day - Right Here

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - On July 9, 2009 - FAS and FAZ will both have reverse splits. FAS stock will have a 1-5 reverse split ( if you have 100 shares of FAS, you will now have only 20 shares at 5 times the price which will be around $35-$37.50) and FAZ stock will have a 1-10 reverse split ( if you have 100 shares of FAZ, you will now only have 10 at 10 times the price which should be around $55-$57 per share). I was one day early reporting that this would happen on the 8th. Also, FAS has major support at the $7.00 level.

Citigroup Inc (C:NYSE) - Citigroup stock continues to free-fall with no signs of a bottom. After breaking through $2.61 on Wednesday, Citigroup looks poised to retest the low $2.40's which should hold...but I thought $2.61 would hold. After $2.40, you have the March 30, 2009 low of $2.25. Citigroup is overdue for a rally back to the 10 day moving average which falls each day but located at $2.90. A break above Wednesday's high of $2.71 could be the rally signal I am looking for.

American Intl Group, Inc. (AIG) - AIG stock continues to plunge as well. AIG broke $15 like a hot knife through butter on Tuesday. There was absolutely no buying support there whatsoever! It might be a good idea to play AIG from the short side if you can borrow shares. The only way i'd buy AIG would be on a break back above $15 for a quick trade. Looking at the charts, the technicals are so bad that there is virtually no support until $10.

U.S. Oil Fund (NYSE: USO) - The United States Oil Fund LP (ETF) hit a low of $32.50 as oil prices plunged on Wednesday near $60 per barrel. The USO has support between $32-$32.16 as well as around $31. If you are looking to trade oil, this ETF allows you to trade the daily moves of crude oil. I would only suggest using this ETF if you know how it works.

Continental Resources Inc. (CLR) - Tuesday was the day that I started my non day trading position in Continental Resources. This is a great way to play Oil in a stock if you are not familiar with the USO above. In my opinion, given the current valuation, CLR is even better then Oil itself. Two weeks ago, Jim Cramer recommended it at $27 so at $22.61 where I bought, I couldn't go wrong. I am prepared to back up the truck under $20 as well. Watch the Video

General Electric Company (NYSE:GE) - General Electric (GE) is approaching support at $10.50 and $10. Check out my GE technical analysis.

Cell Therapeutics, Inc. (CTIC) - CTIC stock broke down today but is still holding the recent low of $1.22. If $1.22 is broken, the downside risk is huge. However, for a trade, I will be buying CTIC when it breaks through the High of the Day.

Hemispherx Biopharma, Inc. (HEB) - Investors and traders continue to wait for the FDA decision on their CFS drug, Ampligen. The long delay is starting to get old! Management remains silent. It's almost like they went on vacation without notifying investors. ZzzzzZZzzzzZZZzZzZzZZz

Buy the Dip - Below is a list of stocks I would be buying on any strong pullback.

Visa Inc. (NYSE: V) - $56
MasterCard (MA) - $150
Apple (AAPL) - $120
Palm, Inc. (PALM) - $13
Research In Motion Ltd. (RIMM) - $57
Ford Motor Co. (F) - $5
First Solar (FSLR) - $141 or lower
Continental Resources Inc. (CLR) - Bought the dip 7/7/09
Freeport-McMoRan Copper & Gold Inc. (FCX) - $36
Pyramid Oil Company ( PDO ) - $3.75
Fuqi International, Inc. (FUQI) - $14.50
AgFeed Industries ( FEED ) - $3.50
Fuel Systems Solutions, Inc. (FSYS) - $15
STEC, Inc. (STEC) - $18
Huntington Bancshares Inc. (HBAN) - $2-$2.50

Other Stocks to Watch - July 9, 2009

Novogen Limited (NVGN)
Targacept, Inc. (TRGT)
Amgen Inc. (AMGN)
Family Dollar Stores Inc. (FDO)
DynCorp International Inc. (DCP)
Steak n Shake Co. (SNS)
BPZ Resources, Inc. (BPZ)
Tractor Supply Company (TSCO)
Whole Foods Market, Inc. (WFMI)
O'Charley's Inc. (CHUX)
Dollar Tree Inc. (DLTR)
UltraShort DJ-AIG Crude Oil ProShares (SCO)
UltraShort Financials ProShares (SKF)
Direxion Daily Small Cap Bear 3X Shares (TZA)
DryShips, Inc. (DRYS)

Penny Stocks to Watch - 7/9/09

Marshall Edwards Inc. (MSHL)
Gravity Co., Ltd (GRVY)
Gasco Energy Inc. (GSX)
Zila, Inc. (ZILA)
Radio One Inc. (ROIAK)
Corus Bankshares Inc. (CORS)
Pacific Ethanol, Inc. (PEIX)
Aries Maritime Transport Ltd. (RAMS)
Leadis Technology Inc. (LDIS)

OTC & Pink Sheets Stocks to Watch - 7/9/09

Discuss these at http://stockstobuy.org

China Crescent Enterprises, Inc. (CCTR.OB)
Neah Power Systems, Inc. (NPWS.OB)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
IDENTA CORP (IDTA.PK)
IDEAL FINANCIAL SOL (IFSL.PK)
LEAR CORP. (LEAR.PK)
Lifestream Technologies Inc. (LFTC.PK)
Left Behind Games Inc. (LFBG.OB)

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

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