US Stock of the Day - Understanding How it Works

US Stock of the Day is for traders who are looking for a US Stock to trade each day. I base my picks on US Stocks I follow on the Nasdaq, Dow, S&P and other indices such as the Russell 1000, etc., watching for a swing in the momentum upward. I keep a tight stop loss on all trades to minimize my risk... and allow the great stock trades to continue rising. These are not recommendations... merely entertainment. Please see the warning at the bottom of this page.

If you have any questions, don't hesitate to contact me @ contactdoctorstock@gmail.com. For a Canadian stock of the Day, look at http://canadianstockoftheday.blogspot.com. Also, you may not be a short-term trader... for more stable, longer-term trades, check out http://investinthemarkets.com.

Friday, February 3, 2012

February 3, 2012

I ended up moving out of PRGO when it wouldn't get legs... HUM as of now is up 1%. 

I mentioned a couple of days ago that PPY.A.V was dropping again and it was "providing another good upcoming opportunity to buy for quick profits... I'll keep this one on my radar and jump in on the rise." I did get in as it popped (@ $8.67) and now it sits at $9.00, a 3.8% gain so far. 

I also mentioned MCD... which is in a consolidation phase. 

I left you (on the daily picks) with FBHS at $18.42 and it now sits at $19.63, a 6.6% gain.

Of course, all of this strength is only helped by the jobs report today of 243,000 non farm payrolls with avg. hourly earnings also increasing 0.2% - so it's not simply on the backs of lower wages.

Well, I'll check back in this weekend!  See you then.
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