New Stock Picks May 13th, 2014 [HD]

In this video I do my best to discourage the thought that the market cannot go higher. Yes, it could be a major top BUT what if it is not??? I can't help but think of the period between 1995 and Early 2000 when the SPX moved from under 480 to 1,500 and the NASDAQ rallied from ~750 to ~5,100. These type of moves ONLY take place when all major averages are trading above $69.10 on their monthly RSI - which is exactly what is happening RIGHT NOW!

SPECULATIVE financial stocks FMCC [$4.56] and FNMA [$4.60] need to clear $4.62 and 4.80 respectively on their monthly charts if they are to see the $7 - $8 dollar area short-term.

Energy sector stock NTI [$29.20] has a weekly chart buy point at $28.24 and mining/commodity stock SWC [$15.82] has a weekly buy point at $16.04.

SSLT [$12.99] is also in the commodity/mining sector and it has a monthly buy point of $13.16.

Where applicable wait for the stocks to actually move above the predetermined trigger buy point price levels before taking up any position to ensure that there is true momentum in each specific situation.