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F.REE SAMPLE OF TODAY’S PREMIUM STOCK NEWSLETTER
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PREMIUM DAILY STOCK NEWSLETTER
The Premium Daily Stock Newsletter
will go from $49.00 a month
to $99.00 a month September 1.

When you sign up now, you lock in the $49.00 price,
for as long as you want to take the newsletter.

Sign up here
http://www.profittrading.com/dsn.htm

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TODAYS PREMIUM STOCK NEWSLETTER
Written 08/18/08 for 08/19/08

Please always remember our top rules

Never over trade - which means
something different to everybody
depending on account size, etc.

Always have a stop - and if it gets hit - use it.

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FRIDAYS COMMENTARY

I think there is a good chance the bear market rally is over.

Friday’s 08/15/08 action could be a lower test of the high
and if the market breaks lower from here
that would help to confirm a top is in & lower prices are on the way.

MONDAY
The market broke lower
and another day of selling would confirm a top is definately in.

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For the premium newsletter we will say we are always trading 100 shares,
even though you may decide on more or less shares depending
on the particular trade.

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New trades for Tuesday 08/19/08 - All stock trades - no options

HIG
Sell at 61.50 on a stop
Stop loss at 65.20

The 20 & 40 day moving averages show that HIG
is in a downtrend and odds are HIG will move to a new swing low from here.

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BP
Sell at 57.30 on a stop
Stop loss at 60.00

The 20 & 40 day moving averages show that BP
is in a strong downtrend, as does the 14 day Directional Movement indicator.

There is a good chance BP is going to collapse lower from here

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MTB
Sell at 70.50 on a stop
Stop loss at 76.20

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CETV
Sell at 78.40 on a stop
Stop loss at 84.80

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We sold GS again today
and if it continues lower will continue selling
but will hold for now and move the stop to 167.70

This was sent out yesterday - Sunday
http://www.profittrading.com/4stocktrades.htm

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OPEN STOCK TRADES (not put option trades)

08/04/08 - HBC - Hold short from 81.30 - stop loss at 84.60
08/08/08 - TD - Hold short from 58.00 - stop loss at 61.00
08/11/08 - IBM - Hold short from 127.60 - stop loss at 130.00
08/12/08 - GS - Hold short from 171.00 - stop at 167.70
08/13/08 - STT - Hold short from 67.60 - stop loss at 73.00
08/18/08 - GS - Hold short from 162.00 - stop loss at 167.70

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OPEN STOCK OPTION TRADES

Hold all the puts we have - for now.

If you’ll look at the weekly chart with the 20 & 40 week moving averages
you will see almost all of our stocks are in downtrends on the weekly chart
which means we are trading with the trend which is very important.

04/02/08 - Hold 1 CHTT October 65 put - (cost $300.00)
05/27/08 - Hold 1 IBM Oct 120 put option - (cost $600.00)
06/09/08 - Hold 1 STT Nov 60 put option - (cost $400.00)
06/18/08 - Hold 1 MTB Oct 70 put option - (cost - $380.00)
06/23/08 - Hold 1 HIG September 65 put option (cost - $350.00)
06/23/08 - Hold 1 MGA September 65 put option (cost - $400.00)
06/24/08 - Hold 1 ENR November 65 put option (cost $300.00)
06/28/08 - Hold 1 MMM October 65 put option (cost $300.00)
07/01/08 - Hold 1 AMZN October 65 put option (cost $430.00)
07/02/08 - Hold 1 HBC December 70 put option(cost $400.00)
07/03/08 - Hold 1 UTX November 55 put option (cost $250.00)
07/07/08 - Hold 1 CERN December 40 put option (cost $250.00)
07/07/08 - Hold 1 EOG October 110 put option (cost $800.00)
07/09/08 - Hold 1 DEO October 70 put option (cost $450.00)
07/14/08 - Hold 1 AMG December 75 put option (cost $900.00)
07/14/08 - Hold 1 ITW December 45 put option (cost $350.00)
07/16/08 - Hold 1 BP October 60 put option (cost $350.00)
07/16/08 - Hold 1 TD October 50 put option (cost $300.00)
07/26/08 - Hold 1 AFFX January 7.50 put option (cost $120.00)
07/26/08 - Hold 1 SBUX January 15.00 put option (cost $200.00)
07/29/08 - Hold 1 AAPL October 155 put option (cost $1250.00)
08/05/08 - Hold 1 PX October 85 put option ($350.00)
08/05/08 - Hold 1 LM November 40 put option ($500.00)

END OF PREMIUM NEWSLETTER
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DAILY STOCK NEWSLETTER
Written 08/18/08 for 08/19/08
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Today’s Top Daily & Weekly Stock Chart
http://www.profittrading.com

F.ree Trader’s Blog Email Alerts
http://YepInfo.com/?r=c6

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COMMENTARY

A bright start crumbled quickly into declines after financials led indexes to key levels of support.
The Dow led the cavalcade, ending down 1.6%. The Nasdaq composite and the S&P 500 both slipped 1.5%. The NYSE ended down 1.2%.

All 30 Dow components lost ground for the day. The index fell back below its 50-day moving average, which it had struggled to regain. The S&P 500 also slid back below its 50-day line. The Nasdaq is testing its 200-day moving average.

Preliminary figures showed volume ended 16% lower on the NYSE, 6% lower on the Nasdaq.

New issue Perfect World (PWRD) gapped down, giving up 2.20 to 23.20 in huge volume. The online game developer reported Q2 earnings below analysts’ consensus, due partly to a three-day shutdown during the quarter following China’s Sichuan province earthquake in May, the company said. Shares have traded sideways below a peak nailed in November. Monday’s gap-down put shares at their lowest mark since June.

Sandridge Energy (SD), another recent new issue, continued its six-week tumble, giving up 2.87 to 31.22. The move marked the stock’s lowest close since February.

On the upside, Almost Family (AFAM) popped 2.14 to 42.35. The in-home nursing services provider’s jump took back a piece of last week’s loss, and closed 5% below the Aug. 11 high.

Sellers turned up the heat, dropping the major stock indexes to new intraday lows.

At 2:43 p.m. EDT, the Nasdaq tumbled 1.7% and NYSE composite 1.3%. The Dow and S&P 500 lost 1.65% each.

Volume continued to track lower across the board.

Financials remained among the hardest hit. Bank of America (BAC) and Citigroup (C) gave up 4% each. JPMorgan Chase (JPM) fell 3%.

Estee Lauder (EL) dropped 1.46 to 50.52 in brisk trade. The maker of cosmetics and hair care products pulled back from two days of heavy-volume, earnings-inspired gains.

SunPower (SPWR) fell 4.07 to 88.45 in fast trade. The maker of solar products gave up some of Friday’s near 18% gain. But it appeared to be finding support near its 200-day moving average.

On the upside, Fuel Systems Solutions (FSYS) reversed earlier losses, gaining 1.90 to 55.48. It bounced back from a two-day pullback. The company makes products that lets engines run on cleaner burning fuels.

Innophos Holdings (IPHS) jumped 1.99, or 6% to 35.14. It too rebounded from a recent pullback. The company makes chemicals for the food and drug markets. Innophos lost money for the past three years, but is expected to turn a profit of $8.98 a share this year.

Stocks slumped to new session lows midday Monday on worries over the financial sector.

At 12:41 p.m. EDT, the Nasdaq was down 1.2%, falling below its 200-day moving average. The Dow and S&P 500 lost their 50-day lines, falling 1.2% and 1.1%, respectively. The NYSE composite was off 0.7%.

Volume was tracking much lower across the board from Friday’s options-expiration levels. Decliners beat advancers by 2-to-1 on the NYSE and by slightly less than 2-to-1 on the Nasdaq.

Fannie Mae (FNM) and Freddie Mac (FRE) tumbled 17% each after a Barron’s article said that the Treasury may bail out the mortgage finance firms, thus wiping out common shareholders.

Lehman Bros. (LEH) lost 4% on concerns that write-downs from mortgage-backed securities may push it to a third-quarter loss.

A couple of IBD 100 stocks got hit. Amedisys (AMED) fell 2.06 to 54.97 in fast trade. That put the provider of home nursing care back below its 50-day moving average and erased the bulk of Friday’s advance. The stock has been one of many failed breakouts.

Badger Meter (BMI) dropped 1.46 to 51.55 in heavy trading, slicing its 50-day line. The meter maker has now given back all gains from its July 21 breakout and then some.

Meanwhile, Robert Half International (RHI) gapped down, falling 1.43, or 5%, to 26.88. Lehman Bros. cut the staffing firm to underweight from equal weight, saying that the firm has little upside potential in this tough economy.

On the upside, Cal-Maine Foods (CALM) tacked on 1.56 to trade at a new high of 47.39. The egg producer has been on a tear for the past three weeks.

Crude oil fell 57 cents to $113.20 a barrel, but that didn’t affect stocks much. As suggested in The Big Picture, oil’s grip on the market seems to be loosening, as the commodity has tumbled well off its July peak of $147.90.

Stocks sought direction Monday morning as oil prices rose and the dollar took a breather.

The Dow dipped 0.4% at 11 a.m. EDT. The Nasdaq and S&P 500 both edged down 0.3%. The NYSE composite slipped to a 0.1% loss.

Trading volume was sharply lower from this time on Friday.

Oil prices eased from earlier highs, but remained up a dime at $113.89 a barrel. The dollar backed off after a big day Friday, and gold, copper and corn prices all gained. Natural gas fell hard, down 14 cents to $8.05 per million Btu.

Potash Corp. of Saskatchewan (POT) bloomed 3.44 to 173.25 after an upgrade from Citi Investment Research. The fertilizer maker is testing support at its 40-week moving average for the first time since 2006.

Onyx Pharmaceuticals (ONXX) rose 1.94 to 45.45 in strong trading volume. The biotech has beat resistance at its 10- and 40-week moving averages and is climbing the right side of a deep, nine-month consolidation.

AZZ (AZZ) gained 1.04 to 46.02. A maker of electrical components is near highs in its first pullback to the 50-day moving average since a breakout from a cup-shaped base in June.

On the downside, new issue Perfect World (PWRD) gapped down, giving up 2.16 to 23.24 in huge volume. The online game developed reported Q2 earnings below consensus views, due partly to a three-day shutdown during the quarter following the Sichuan earthquake in May. Shares have traded sideways below a peak nailed in November. Monday’s gap-down put shares at their lowest mark since June.

The Shanghai Composite crumbled 5.3%, to a new 18-month low, despite a message on the China Security and Regulatory Commission’s Web site Aug. 16 announcing it would increase public investment funds and take other measures to develop the country’s financial markets.

Hong Kong’s Hang Seng slipped 1.1%. Tokyo’s Nikkei 225 climbed 1.1%, primarily on exporters as the yen softened vs. Friday’s surge in the dollar.

Indexes in Europe and the U.K. were moderately lower in afternoon trading.

A strong open quickly faded, as oil bounced back, leaving stocks lower in early trade Monday.

At 9:58 a.m. EDT, the Nasdaq was down 0.4%, the Dow 0.3% and the S&P 500 0.2%. The NYSE composite fell a fraction.

Volume was tracking sharply lower on both exchanges.

Crude oil bounced back in volatile trading. The September contract was now up 95 cents to $114.72 a barrel.

Financials came under pressure. Freddie Mac (FRE) and Fannie Mae (FNM) slumped 10% and 9%, respectively, on fears that the government would recapitalize the mortgage giants. The move would wipe out shareholder equity.

Wachovia (WB) fell 3% and Bank of America (BAC) 2%.

On the upside, ReneSola (SOL) gapped up, gaining 0.92, or 5%, to 19.05 in fast trade. The Chinese maker of solar modules reports earnings Tuesday. Analysts expect profit of 32 cents a share, up from 10 cents the prior year.

Group mate Trina Solar Limited (TSL) gapped up, rising 1.25 to 32.23 in brisk trade. The maker of solar modules reported Q2 earnings of 68 cents a share vs. 28 cents in the year-ago period.

Buyout news and lower oil prices boosted stock futures, suggesting a higher open for equities Monday.

Nasdaq futures rallied 9 points vs. fair value, S&P 500 futures climbed 5 points and Dow futures picked up 30 points.

In M&A news, Mitsubishi UFJ Financial Group (MTU) agreed to buy the remaining 35% of UnionBanCal (UB) it doesn’t already own for $73.50 a share or $3.5 billion. Shares of UnionBanCal rose 12% in the pre-market.

Crude oil was higher earlier, but reversed. The September contract slipped 44 cents to $113.32 a barrel.

Broadcom (BRCM) rallied 3% in the pre-open following news reports that the chipmaker was in position to grab a share of the smart phone market.

ShengdaTech (SDTH) climbed 9% in the pre-market on strong earnings. Late Friday, the chemicals maker posted Q2 earnings of 18 cents a share, up 63% from a year earlier and 3 cents above views. Sales gained 76% to $39.8 million, its best performance in six quarters.

Lowe’s (LOW) fell 2% in the pre-open following a disappointing outlook. The home improvement retailer posted Q2 profit of 64 cents a share, down from 67 cents the prior year and 3 cents above views. But Lowe’s guided Q3 profit in a range of 27 cents to 31 cents a share vs. views of 33 cents.

Group mate Home Depot (HD) slipped a fraction. It reports earnings Tuesday. Analysts expect 61 cents a share, down from 77 cents in the year-ago period.

Late Friday, Hershey’s (HSY) said it’s raising prices by about 11% due to rising commodities costs. As a result it warned that full-year profit would likely be at the low end of its range of $1.85 to $1.90 a share. This morning, Citigroup cut the stock to hold from buy. Shares slumped 10% in the pre-market.

This will be a light week for economic reports. On Tuesday, building permits, housing starts and producer prices will be out. Initial jobless claims and Philadelphia Fed index will be released Thursday.

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THANKS!
Jim

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Disclaimer - I am not a stock trading advisor. This information is for trading education only. There are no trading recommendations for any one individual made on this site and this information is paper trades for trading education. All trades are extemely risky and only risk capital should be used when trading.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

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