Where the Picks??

UPDATE 1:23 EST – The day turned out better than I thought. You could of profited on almost any one of the stocks on my watch list (below).

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Some of you may be wondering where my stock picks are for the week. Well, quite frankly, I don’t have any as of now. To be honest, I have NO IDEA which direction the market is going. Not to mention the fact that other places in the world have been getting torched so far this week.

The market will be bombarded with a bunch of data, meaning that we will be getting on the roller coaster again. The big three set to be released this week:

• Consumer Price Index
• Producer Price Index
• Retail Sales

As if that wasn’t enough, many prominent companies [INTC, GOOG, IBM] are set to announce their horrible… i mean inspiring earnings. All these factors are just ingredients for a terrible week in this current market; nonetheless we must move on.

So besides keeping a close eye on my current watch list of CAT, HAL, AKS, NUE, STLD, SUN, PCZ, SU, SRDX, and VLO, I will also be certain to check all the other sectors. All these stocks took a massive beating on Friday, so perhaps we can see something good out of them. I also like K, KFT and GIS.

I’ll try to update if I see any good signals. If you are having trouble finding trades just stay patient until something matches your system. I’ll be using my typical “buy target” system.