Best Stocks to Watch for monday August 8 2011

Indonesia stock info Best Stocks to Watch for monday August 8 2011 ; The broad sell-off in the market and resulting panic led to the Dow, Standard & Poor 500 (S&P) 500 and the Nasdaq plunging 4.3%, 4.8% and 5.1%, respectively. Each benchmark posted its share of records, though none of these brought any cheer to investors.

The Dow settled at 11,383.83, losing 512 points, the steepest such decline since Dec. 1, 2008. However, the 512-point decline was far from the 778-points slide that the blue-chip had posted on Sept. 29, 2008. In one of its worst sessions since February 2009, the S&P 500 settled at 1,200.24. The Nasdaq suffered its worst session since January 2009 and closed at 2,556.39. However, investors chose to term the 10% decline in benchmarks from its spring high as a correction.

Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG reported outstanding earnings Thursday night and rallied over 10% at one point Friday. KOG is a buy below $5.50 from here on out. Discuss KOG

Samson Oil & Gas Limited (SSN) - SSN plunged on Friday. SSN will have resistance located at $2.80. SSN is a buy below $2.00 if we see another large correction.

Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG is trading back below $3.00. PZG will have resistance located at $2.70. PZG is a buy near $2.25 if we see a retest of the lows.

American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is now trading back below $28. AIG will have resistance at $31.79. AIG has support located at $25.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) is now back trading below $2.00. Sirius XM Radio will now have support at $1.73. Sirius XM Radio is a strong buy on pullbacks below $1.60. SIRI will now have resistance located at $2.00.

Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) is now trading back near $43. Las Vegas Sands Corp will have resistance located at $50. Las Vegas Sands (LVS) is a buy below $38 for a swing trade.

Dryships Inc. (DRYS) - Dryships Inc. (DRYS) is now trading back below $3.00. DryShips (DRYS) will now have resistance located at $3.18. Drys has support at $2.75.

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) bottomed near $16.15 on Friday and then rallied back to $18. FAS will have support located at $16.15 and resistance located at $23. FAS is a strong buy below $17 per share. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) hit $22.54 on Friday. Research in Motion (RIMM) has support located at $22. Research in Motion (RIMM) will have resistance up at $30.25.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) hit a new 52 week low on Friday. CSCO will have resistance around $16.00 now. Cisco Systems (CSCO) will have support down around $14.00. Cisco Systems is a strong buy below $17 for the long term. Goldman Sachs recently rated the stock a buy.

Stocks to Watch for Daytrading - Samson Oil & Gas Limited (SSN) - Hyperdynamics Corp (HDY) - DryShips, Inc. (DRYS) - Arena Pharmaceuticals, Inc. (ARNA) - Bank of Ireland (IRE) - Cyclacel Pharmaceuticals, Inc. (CYCC) - Somaxon Pharmaceuticals, Inc. (SOMX) - Rediff.com India Ltd. (REDF) - Allied Irish Banks plc (AIB) - YRC Worldwide Inc. (YRCW) - China Shen Zhou Mining & Resources, Inc. (SHZ) - Limelight Networks, Inc. (LLNW) - Level 3 Communications Inc. (LVLT) - Jones Soda (JSDA)

Amazon.com Inc. (AMZN) - Amazon.com Inc. (AMZN) dropped below $195 on Friday. AMZN will hit resistance at $230. Pullbacks below $180 are a buy.

Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. (LVLT) is back trading below $2.00. Level 3 Communications (LVLT) is a buy below $2.00

Netflix, Inc. (NFLX) - Netflix, Inc. (NFLX) dropped into the $230's on Friday. Netflix Inc (NFLX) will have resistance located at $251 going forward. Netflix has support located at $230. Netflix Inc (NFLX) is a buy on pullbacks below $220.

Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is back trading near $145. Baidu Inc will have resistance up at $155. Baidu has support located at $140. If Baidu Inc. (BIDU) ever falls below $120, I would rate the stock a buy.

Oracle Corp (ORCL) - Oracle Corp (ORCL) bounced at $27.50 on Friday. ORCL will now have resistance located at $30 over the next week.

E-Commerce China Dangdang Inc. (DANG) - E-Commerce China Dangdang Inc. (DANG) is now trading back below $10. DANG will have support located at $8.30 and resistance located at $10.85.

Advanced Micro Devices Inc. (AMD) - Advanced Micro Devices Inc. (AMD) held $6.00 on Friday. Advanced Micro Devices Inc. will now have resistance located at $8.02 which is the 200 day moving average. AMD will have support down at $6.20.

Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is trading back below $130. Goldman Sachs (GS) will now face resistance around $145. Goldman Sachs (GS) has support located at $120.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) held $50 on Friday. Potash Corp will have support located at $50. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $52 on a pullback.

Freeport-McMoRan Copper & Gold Inc. (FCX) - Freeport-McMoRan Copper & Gold Inc. (FCX) is trading below $48 now. FCX is a buy below $50, strong buy below $45.

SanDisk Corp. (SNDK) - SanDisk Corp. (SNDK) rebounded off the $37.79 low on Friday. SNDK will have resistance around $42 going forward.

YRC Worldwide Inc. (YRCW) - YRC Worldwide Inc. (YRCW) is back trading below $1.00. YRC Worldwide Inc (YRCW) continues to be at risk of going bankrupt. YRC Worldwide (YRCW) is not a buy unless the stock trades back above $2.54 and holds.

Allied Irish Banks plc (AIB) Bank of Ireland (IRE) - Allied Irish Banks plc (AIB) & Bank of Ireland (IRE) continue to be active and worth watching.

Cell Therapeutics, Inc. (CTIC) - Cell Therapeutics, Inc. (CTIC) traded back in the $1.20's on Friday. Cell Therapeutics will have support located at $1.20 now. CTIC will have resistance up at $1.30.

Whole Foods Market, Inc. (WFM) (WFMI) - Whole Foods Market (WFM) is back trading below $60. WFM will have resistance up at $70.


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