stock to watch june 6 2011 Stock Market Investing Ideas

stock to watch june 6 2011 Stock Market Investing Ideas : U.S. stock investors, bruised by five straight weeks of losses, will watch how the Federal Reserve responds to a spate of bleak economic data -- which could include its Beige Book report -- for an indication of whether the market will fall further.

The market closed lower Friday on a disappointing non-farm payrolls report that added to some investors’ concerns the economic recovery has ground to a halt. The U.S. economy added only 54,000 jobs in May, far short of estimates of 125,000 new jobs. Unemployment rose to 9.1%, the highest rate since December


Travelzoo Inc. (TZOO) - Travelzoo Inc. (TZOO) dropped below $70 on Friday which caused me to buy. I plan to add more TZOO if we see another drop into the low $60's.

OpenTable Inc. (OPEN) - OpenTable Inc. (OPEN) is a stock the I bought on Friday. I plan to add more OPEN if it drops into the $70's.

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 sold off back into the $6.20's on Friday and then bounced. KOG is a buy below $6.00 for the long term. Discuss KOG

Samson Oil & Gas Limited (SSN) - SSN broke $3.20 resistance on Friday. SSN will now have resistance located at $3.50. Pullbacks below $2.70 continue to be a buy for a trade.

Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG is now stuck in the low $3's. PZG will have resistance located at $3.50. PZG will have support at $2.70 going forward.

American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is trading around $28 now. AIG will now have resistance at $30. AIG has support located at $27.50.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) is now back below $2.30. Sirius XM Radio will now have support at $2.00. Sirius XM Radio is a strong buy on pullbacks below $1.60. SIRI will now have resistance located at $2.50.

Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) is now trading around $42.00. Las Vegas Sands Corp will have resistance located at $45. Las Vegas Sands (LVS) continues to be a buy below $38 for a trade.

Dryships Inc. (DRYS) - Dryships Inc. (DRYS) broke up above $4.00 on an upgrade Friday. The next major resistance level for Dryships is located at $4.40. Drys has support at $3.50.

Direxion Daily Financial Bear 3X Shares (FAZ)

Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) bounced near $25 again on Friday. FAS will have support located at $25 and resistance located at $30. FAS is a strong buy below $25 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) is now testing $40. Research in Motion (RIMM) has support at $40 followed by $38. Research in Motion (RIMM) will have resistance up at $42.50.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) continues to hold $16. CSCO will have resistance around $17. Cisco Systems (CSCO) will have support down around $16. Cisco Systems is a strong buy below $17 for the long term. This stock will eventually come back with some patience.

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) stock is back trading around $190 now. AMZN will have resistance at $208. Pullbacks below $180 are a buy.

Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. (LVLT) was flat on Friday. Level 3 Communications will have resistance located at $2.50.

Netflix, Inc. (NFLX) - Netflix, Inc. (NFLX) stock broke $275 on Friday and continues to churn higher. Netflix Inc (NFLX) will have resistance located at $275 going forward. Netflix has support located at $240. Netflix Inc (NFLX) is a buy on pullbacks below $210.

Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is now back trading above $135. Baidu Inc will have resistance up at $140. Baidu has support located at $125. If Baidu Inc. (BIDU) ever falls below $105, I would start buying back.

Oracle Corp (ORCL) - Oracle Corp (ORCL) is back below $33. ORCL will now have resistance located at $34.

YRC Worldwide Inc. (YRCW) - YRC Worldwide Inc. (YRCW) is now trading below $1.00. YRC Worldwide Inc continues to be at risk of going bankrupt. YRC Worldwide (YRCW) is not a buy unless the stock trades back above $5.00 and holds.

E-Commerce China Dangdang Inc. (DANG) - E-Commerce China Dangdang Inc. (DANG) broke down below $19 on Friday. DANG does not have any support right now. Discuss DANG

Advanced Micro Devices Inc. (AMD) - Advanced Micro Devices Inc. (AMD) is now testing $8.00. Advanced Micro Devices Inc. will now have resistance located at $8.95. Advanced Micro Devices will have support down at $7.93.

Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is back below $140. Goldman Sachs (GS) may be forming a bottom down here. Goldman Sachs (GS) needs to hold $130 or the bottom may fall out.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is now back around $55. Potash Corp will now have resistance located at $60. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $50.

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

SanDisk Corp. (SNDK) - SanDisk Corp. (SNDK) is back trading near $45. SNDK will have resistance around $50.

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) (CTICD) did a reverse split two weeks ago. Cell Therapeutics will have support located at $1.96. CTIC will have resistance up at $2.40.

Akamai Technologies Inc. (AKAM) - Akamai Technologies Inc. (AKAM) dropped below $34 on Friday. AKAM is a screaming buy below $40 for the long term. I still think AKAM can test $30 before breaking out into a new uptrend.

Whole Foods Market, Inc. (WFM) (WFMI) - Whole Foods Market changed it's symbol from WFMI to WFM recently. WFM will have support down at $56. For the latest updates PRESS CTR + D or visit Stock Market news Today

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