Most of the stocks that are on the table of stocks that was missing from the report last night, are listed as LONG-INT. This represents LONG positions with an intermediate term time horizon, initially considered as stocks that could be held for weeks or possibly months. But we cannot ignore the short term sell signals that have surfaced today. Read the notes in the table of stocks below that have the comment “Short term sell signal!”

These stocks can and most of them are likely to get to the target price listed on the table but not without a correction first. My suggestion is to sell most long positions tomorrow with the idea of capturing the profits you have made and let’s look at re-purchasing them after we get new signals, probably within 2 weeks. We also will get many more candidates that will give buy signals in the coming two weeks as well. For now, my suggestion is respect the signals being given as well as the patterns that stocks have been following.

See the video for explanation of the patterns. AAPL, Apple Computer moved up on Steve Jobs explanation that his health is a hormone imbalance, not cancer and the stock rallied for 2 big days, 4.2% today alone at the close. This should be slightly more bullish than the others below but would make sense to sell on a short term sell signal. The T2108 chart got higher today and the VIX was mostly unchanged.

Don’t get too complacent or forgetful that heavy selling was just a few short weeks ago. REPEAT FROM LAST NIGHT: My own personal orientation tends to be biased toward anticipating what the indicators are saying and re-purchase after the several days of pullback that we could see starting this week. But that takes more discipline, work and organization with your trading. Oil continues to move up and has rebounded over 38% off the bottom of $35.30 made on 12-24-08. The general direction should continue to be upward with some slight and brief correction.

How much this is due to the Israeli-Palestine war is difficult to quantify but no doubt that some of oil’s rise is related to this event. USO is 36% off the bottom and up 22.6% from our purchase price a week ago. This stock is the most bullish of the list below and should be allowed to run a little further than the others. The major oil stocks are at a peak of a short term top but may be slower to correct than other stocks. These large oil company’s stocks have been more buoyant than most stocks, even when oil was going down 2 weeks ago.

BAC, Bank of America chart looks awful, SELL!