Best stock to watch november 21 2011

Best stock to watch november 21 2011 : If only Europe weren't so menacing, American investors probably would be feeling less apprehensive about the economy and stock market. U.S. economic data this past week was better than expected: not extraordinary but not recessionary either. There was enough of a lift in October retail sales to assure analysts that American consumers aren't paralyzed and are doing their bit to propel the service sector, which encompasses 70 percent of the U.S. economy.

JPMorgan economist Michael Feroli said the 0.5 percent increase in October retail sales suggests consumer spending should be up 3 percent on an annualized basis in the last quarter of this year and provides confidence that the economy will grow at a 2.5 percent rate. That's less robust than needed to start chipping away at unemployment, but it's more encouraging than in August. Then, amid the nation's debt drama in Congress, consumers grew wary, and economic data pointed at recession.


Besides retail sales, analysts also took encouragement from a New York Empire State manufacturing survey that showed modest growth and an improvement from recent negative numbers.visit stock market forecast next week november 21-25 2011

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 is now trading around $8. KOG is a buy below $6.00 if we see another major pullback. Discuss KOG

Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG is trading back near $2.50. PZG will have resistance located at $3. PZG is a buy below $2.20.

American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is trading around $22. AIG will have resistance located at $26. AIG has support located at $21.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) stock jumped into the $1.80's on Friday. Sirius XM Radio (SIRI) will now have support at $1.60. Sirius XM Radio (SIRI) is a sell into any rally due to higher competition such a Pandora Media (P).

Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) dropped below $46 on Friday. Las Vegas Sands Corp will have resistance located at $50. Las Vegas Sands (LVS) is a buy below $43.

Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is back trading below $80. NFLX stock will face resistance around $91 this week.

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) dropped below $60 on Friday. FAS will have support located at $55 with resistance located at $62. FAS is a strong buy below $55 per share. Direxion Daily Financial Bear 3X Shares (FAZ) is a buy if you think the bank stocks will drop.

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) is now trading back in the $18's. Research in Motion (RIMM) will have support down at $17.17. Research in Motion (RIMM) will have resistance up at $20.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) is trading in the mid $18's. CSCO has rewarded buyers below $17 over the summer. Cisco Systems (CSCO) will have support down around $18. Cisco Systems is a strong buy below $17 going forward. Resistance is located at $19.15.

Stocks to Watch for Daytrading - TravelZoo Inc. (TZOO) - Direxion Daily Small Cap Bull 3X Shares (TNA) - Samson Oil & Gas Limited (SSN) - Hyperdynamics Corp (HDY) - DryShips, Inc. (DRYS) - Bank of Ireland (IRE) - Rediff.com India Ltd. (REDF) - Allied Irish Banks plc (AIB) - YRC Worldwide Inc. (YRCW) - Limelight Networks, Inc. (LLNW) - Level 3 Communications Inc. (LVLT) - E-Commerce China Dangdang Inc. (DANG) - Groupon Inc. (GRPN)

Amazon.com Inc. (AMZN) - Amazon.com Inc. (AMZN) dropped below $200 on Friday and is now starting to look interesting. AMZN will hit resistance at $206 while hitting support around $195.

Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is trading back below $130. Baidu Inc. (BIDU) will have support around $122 going forward. BIDU will have resistance at $132.

Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is back trading near $90. Goldman Sachs (GS) will face resistance at $100. Goldman Sachs (GS) has support located at $95.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is back trading below $45. Potash Corp will have support located at $40. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $45.

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