With expectations already low, it is a guessing game to see how traders will take in all the news. So sit back, relax, and let the stock market dictate how these stock charts to pop…

Schlumberger Limited

SLB – Looks like the stock has bounced off the 200 SMA and ready to head higher. Volume has not really fluctuated, so still looking for a big pop. With the price of oil coming down, keep tight stops.

Vale S.A.

VALE – This stock has not treated me well in the past. With a decent steady channel going, I will give this stock one more chance with a bounce at the support.

AK Steel

AKS – The recent pattern trend has seemed to work out perfectly, but now we need to get a new one. Looking for this stock to bounce either way. Obviously a move higher would be welcomed, with strong volume of course.

Bank of America

BAC – There is pretty much no doubt in my mind that Bank of America is a great buy long-term; however, the up coming week will be shaky at best. There will be much talk about the company all week leading up to earnings report on mid-day Friday. Are you risky enough to hold it during this time? We have already seen this stock get rejected by the 200 day moving average, and on the verge of cracking below 50 SMA.

My game plan right now is to let the stock pullback some, and then swoop in and buy up shares for another ride up.

Netflix

NFLX – As the market looks to make a little correction during the 3rd quarter, it might be time for Netflix to head higher again. For the last month or so it has been riding the 50 day SMA. Looking for it to separate itself one way or another. Netflix announces partnership with Sony.

EMC Corp

EMC – Looks like many people are taking their acquisition of NetApp as good news, with a reiteration of an outperform rating. We are a looking at a brief channel right now, and it looks like we have bounced off the support.

JDS Uniphase Corporation

JDSU – Take a look at TWI’s recent coverage of JDSU, and how this stock has been setting up since.

Clearwire

CLWR – Take a look at TWI’s stock analysis or Clearwire. Also take a look at ‘WiMax’ service coming to Las Vegas.

BONUS

American International Group, Inc.

AIG – Just to lighten the mood.

Think you are ready to make the big profits? Learn how my stock picks are up 41% for the year.

If you take a second to step back and notice the outcomes of different traders, then you will notice that most of them either do good or do bad. Yeah, I know this is not a life changing idea, but do you know where most traders go wrong?

1. Stop Over-analyzing

It is common sense for people to take precautions with topics they are not knowledgeable on. So it is no surprise that people enter the market and look for every type of analysis to determine whether or not to buy a stock.

The truth is that the more analysis you use the less accurate your predictions will probably turn out. Don’t engage in stock chart fraud!

When it comes to trading in the stock market there is no shortage of different tactics and strategies to utilize. Because of this, it is very easy for traders to get overwhelmed and try to use all these different analysis tools in their interpretations.

2. Analyze And Simplify

It is absolutely crucial that every trader has their own trading strategy. While it doesn’t have to be original, you should fully understand what this strategy does and why it is best for you.

Once you figure out your strategy, look at your stock analysis and weed out unnecessary tools. Is there any garbage or excess baggage in there? Are you using indicators that contradict each other?

3. Focus

Hopefully, you have got an idea of what needs to be done to maximize your trading profits, but, before we can truly execute our plans, we must do one more thing… Focus

With all the different mediums of stock advice, news, recommendations, and education, it is very easy to fall to information overload. Yes, we stopped over-analyzing and simplified our trading strategy, but it is still very easy for us to want to know everything about everything.

To cure this, try not to “channel surf” your way through financial information. Have a point or purpose to what you are looking for. Have key to sites or articles that you can go to for daily market recaps. Set aside time to focus on sectors or stocks you are only interested in. When you have some free or extra time, then you can let your mind run wild into the world of finance, but remember we are trying to simplify and expand our market profits.

When it comes to trading stocks the perception is needing to know every single information about your stock, but the truth is that you only need to know what makes you money…

Stop over-analyzing, simplify, and focus. Your 3 steps to stock market automation and profit maximization.

Need to find your own trading strategy? Finally learn how to use technical analysis to accurately predict price movement.

First we had a CPM student recommend JDSU, which is running nicely so far. Now he hits us with potentially a game changer for anybody’s portfolio. Don’t believe me? Take a look…

If we look at the chart of Clearwire Corporation (CLWR), then we can see that we are at a point of decision. Will the stock clearly breach the 200 simple moving average, or will it bounce back down? Remember the 200 SMA is regarded as a trend changer. So if it crosses then that is good indication that the stock is heading higher.

While we can see that we are playing around with the 200 SMA, what is even more telling is zooming out a little further. In fact, almost 3 years…

From this chart, we can clearly see that, since first falling below the 200 SMA, Clearwire has never been able to breach back above. This makes our 200 SMA even that much telling. I think you can tell where the stock should go if a clear break occurs.

My personal recommendation would be to buy now. Why… because the location of the 200 SMA allows us to be more aggressive with a pretty substantial stop already in place. An initial quick price target of $6.50.

Have no idea what I am talking about? What to learn how CPM consumers are picking such great stocks, SO QUICKLY? Well here is your chance to finally learn technical analysis quickly and easily.

In this quick 3 minute video you will see what has happened to crude oil in the last eight days. You will also see what we believe will be the area that crude oil will find support.

Oh yeah, if you ever wanted to learn about double tops, pivot points, and price targets this video will do the trick also.

View video – Crude Oil Update – How low can crude oil go?

Alcoa Swings to a Loss Amid Sales Decline (WSJ)

OPEC Says It Will Take Five Years For Oil Demand To Recover To Pre-Recession Levels (BloggingStocks)

EMC Lands Data Domain With $2.1B Offer (Boston Business Journal)

Kindle Now Only $299 More Than iPhone Kindle App (AllThingsD)

Bull Trap Ahead (Desi Finance)

Oil Rebounds From Seven-Week Low as Slump Is Viewed as Overdone (Bloomberg)

Hall of Shame: 12 of the Worst Financial Gurus (Bill Shrink)

Reports Leave Economic Picture as Clear as Mud (Washington Post)

U.S. Stocks Tentative After Multiple Supports Breached (MarketWatch)

Closing Bell: Wishy-Washy… Earnings season prelude? (BloggingStocks)

Have a hot story? Submit your link(s), and keep other traders in the know.

On the plus side, why would we want the markets to shoot straight up? This at least gives us a chance to enter back in or into stocks we have an eye on.

The latest video I managed to grab a hold of looks at how the Dow Industrial Average has moved throughout 2009 and particularly the last quarter. You will see that we are at a point of moving higher or lower…

Which one will it be? Check out the video to find out: Dow Update – July 2009.

Stop wondering and check out a free trend analysis of the Dow Industrial Average.

Anyways, now many of my customers and I are bouncing stock ideas off each other. I finally learned a way to make my own friends!

My latest satisfied customer, Matt, just showed me a chart of JDS Uniphase Corporation (JDSU), and I have to say it is definitely now on my watch list.

You can see that JDSU experienced a pretty big push before starting to head down. Is this just another pullback to test latest support? The stock looks to start rounding out and the relative strength index and stochastics are both looking to break away from oversold territory.

Look for JDSU to bounce somewhere between the 62% retracement level and 200 simple moving average (red line).

Have no idea what I’m talking about? Well here is your chance to finally learn technical analysis quickly and easily.

Before I make any real confirmation I want to see some separation.

Getting ready for our entry??

The relative strength index and full stochastics are looking to bring the stock towards $5.50. If we can get a bounce somewhere around there, then I would make that my entry point.

Take Control Of Your Trading. A mind-blowing learning kit, which I have personally created to teach you technical analysis skills and the tools I use to successfully trade in the stock market.

Just take a look at this great chart I found (compliments of Calculated Risk).

You can obviously see the massive spike over the last week. If you are still interested in more check out Bank Failures: By The Numbers.