Best Stocks To Buy Right Now

[pennystockshark5]

Awesome nice one. Thanks

[sarjil]

Hey Lance,Thanks for your uploads, really appreciate your ideas. I was wondering if you could enlighten us on the type of indicator the trade triangle is. What goes behind their indicator? I assume it is some kind of price-volume indicator, might i may be wrong, exactly what does trade triangle consist of and what does it tell us about any given financial intrument?

[StockTradingMaster]

@sarjil I hate black boxes where you are suppose to blindly just trust the signals. That's not what this is, the triangles give weightings to the criteria: +- 10 = Last Hour Close Above (or Below) 5 Hour Moving Average, +- 15 = New 3 Day High (or Low), +- 20 = Last Price Above (or below) 20 Day Moving Average, +- 25 = New 3 Week High (or Low), +- 30 = New 3 Month High (or low). You can do the calculations yourself; however, this screener does tens of thousands of stocks in seconds.

[TrunkMonkey3000]

Hey any thoughts on SD? It`s such a buy right now !!!

[StockTradingMaster]

@TrunkMonkey3000 SANDRIDGE ENERGY (SD) is in a strong downtrend. This stock looks really bad. Sure Friday had a little bounce into the close, but everything did. One hour or one day does not a market make. The larger trend is clearly down. Don't make this your vietnam by trying to lower your cost basis by throwing good money after bad either. Don't reward a poor stock chart like this with your valuable hard earned money. You deserve better. Don't settle for an ugly girl.

[TrunkMonkey3000]

@StockTradingMaster Better take another look at Sandridge Energy :) This is a great long-term !!

[StockTradingMaster]

@TrunkMonkey3000 Yep, good call. Much better. Institutional traders are buying lots of energy companies. Last week was a great week for energy stocks. Institutional traders appear to favor commodities, basic materials, and energy related companies going into the 4th quarter. If they're buying, we should be buying. SD has retaken its 50 day MA and its confirmed the break above on rising volume into the upward move. Don't chase Monday. For Monday I like entry into sector with LEI better.