Winners and Stocks to Watch

So, I was wrong about the DOW. It hit 13,135 on May 19th. Now, it is heading down. How far? I can't tell yet. It is at the 50% retracement level from the high on May 19th. You can see the from The chart in Figure 1 that DOW is still in a down trend and could from the pitchfork in blue that it could go back down to the 12,000.

Figure 1.

Did better with the Qs. I was right on target. It hit $50.47 on on May 19th. So, I'm 50% right so far.

Second, let's look at some recent winning trades.

International Game Tech (IGT) - bought 1/10 30.00 on 5/8 and sold it on 5/13 for a 8.79% profit in 5 days.

Western Digital (WDC) - bought 1/10 30.00 on 4/21 and sold it on 5/14 for a 20.93% profit in 24 days.

Coke (KO) - bought on 5/21 the 1/10 55.00 and sold it on 5/23 for a12.16% profit in 2 days.

Next, here are 2 new trades that I have not exited yet. First, Colgate Palmolive (CL) bought the 1/10 70.00 on 5/21.

The other trade is Saint Jude Medical(STJ). Bought the 1/10 40.00 on 5/23. The chart in figure 2 shows that I believe it headed to 45 by the middle of June. Of course, remember using the system I use I don't have to wait until it reaches 45.00 to make my 5% profit so, if I am off on my prediction I can still have a profitable trade.

Figure 2.

Lastly, some stocks I that am watching Johnson & Johnson(JNJ), Baxter International(BAX) and Intel(INTC).