April 29, 2008

"CAUTION: Good Times Ahead"

"Ain't nothing gonna break my stride
Nobody's gonna slow me down
Oh no, I've got to keep on moving!"

~ lyrics by Men at Work

If you think that it's about time I jumped on the market-bashing bandwagon and started singing the tune of a downtrodden trader with little hope of recovery in this "evil" market… sorry, no dice. Ain't gonna happen, my friends!

I have way too much confidence that this market is far and away going to outperform and outdo all of our expectations.

No one said that a market correction is fun. It's not. But it's to be expected. Unless you are brand-new to this game, you should be well aware that the market ebbs and flows. Yet, all of us somehow convince ourselves that the bad times have never been this bad and that we will never recover from it. But they have and we will. We always do.

So accept the market's correction as just that—a correction. And then allow your mind to believe in a rally. A really BIG rally. One that will surge to NASDAQ 3126 (and probably beyond)!

Let's Get Specific

I spit out 3126 as a target I expect us to hit. How could I possibly be so specific? Am I picking a number out of a hat? Nope. There is always a method to my madness! (In fact, that's what is so great about Trending123. You can count on me to show you the "why's" and "how come's" of trading in every market. Find out more here.) The number comes out of my careful study of the Fibonacci Retracement.

Though it may sound like something out of the Da Vinci Code, the Fibonacci Retracement is very real. The term is used in technical analysis to refer to the likelihood that a financial asset's price will retrace a large portion of an original move and find support or resistance at the key Fibonacci levels before it continues in the original direction.

The likelihood that we will hit certain levels is all determined for us by Fibonacci. And that is how I am able to confidently say we will strike 3126.

But it's not enough for me to be confident and certain about this market and where it is headed. You have to believe it as well. I can help you. First, learn more about Fibonacci Retracement so that you are satisfied with its ability to make concrete market predictions. Then join me "full-time" as a Trending123 member. You'll have an automatic, all-access pass to educational tools, portfolios (current, options, watch list), buy alert emails, chart patterns (including lessons on how to use them to your best advantage), daily updates, sector performance charts and much, much more!

What are you waiting for? This is a perfect time to change your tune about this market—let me inject some positive news into your system. Together we can prosper!

Sincerely,

John Lansing
Trending123

P.S. Piping HOT STOCKS delivered fresh to your inbox! Buy alerts were just released on two new chip stocks. One is expected to at least DOUBLE! Find out what they are—join Trending123 today!

Refinery Plays

As my Trending123 subscribers know, I have spent a good deal of time in the last six months all-out bashing several refinery stocks. Hey, I don't apologize! When something looks ugly, I'm going to call it out.

But I'm also going to change my tune when those very same stocks clean up and are worthy of our attention. Three refinery stocks are bottoming out—a perfect time to adjust our thinking. Take a gander at the three that I just recommended as buys to my Trending123 subscribers (and be sure to scoop them up soon):

Tesoro Corp (TSO)—Tesoro Corporation and its subsidiaries engage in refining and marketing petroleum products in the United States. The company operates in two segments, Refining and Retail. Tesoro was founded in 1939. Tesoro is headquartered in San Antonio, Texas. Minimum Target: the low-40s.

Valero Energy Corp (VLO)—Valero Energy Corporation operates as a refining and marketing company. It also produces a slate of gasolines, distillates, jet fuel, asphalt, petrochemicals, low-sulfur diesel fuel, and oxygenates. The company was founded in 1955. Valero Energy is headquartered in San Antonio, Texas. Target: about the mid-60s.

Western Refining Inc (WNR)—Western Refining, Inc., through its subsidiary, Western Refining LP, operates as an independent crude oil refiner and marketer of refined products. It refines crude oil into gasoline, diesel fuels, jet fuel, asphalt, and other refined products; and sells refined products purchased from third parties. The company was founded in 1993 and is headquartered in El Paso, Texas. Target: currently in the mid-20s.

While other oil and energy stocks are at or near 52-week highs, refiner stocks are at or near 52-week lows. This is the best time to play ‘em, so get in on the stocks above soon. Find out more about why I chose those stocks and what prices to buy them at—right here.

Avoid Novice Trading Mistakes

We all make mistakes—it's just a fact of life. Now, learning from those mistakes is another story entirely. Some of us—for some reason—refuse to learn. But those of us who are hell-bent on improving ourselves or our situation know that it is imperative to change our ways.

Of course, this absolutely applies to the way we approach trading stocks! No one, including myself, has done everything right in this market. We have all made mistakes. But there are a few (actually, about ten) that we should commit to memory—and avoid falling victim to.

Learn the top 10 stock trading mistakes to avoid. (You could save your money and your sanity by committing these "no-no's" to memory and sticking to them!)