Best Stocks To Day Trade For July 10, 2012

Ok, I am going to expand on our list of potential day trading candidates. For today, I only listed three stocks, but one of these that is in our top 10 based on my general filter is QCOR, which was today's best daytrading stock, based upon our trading model. Unfortunately, I did not mention it in my previous post. Here is my main list.... PCYC, MLNX, VHC, NUVA, DDD, ONXX, QCOR, THRX, RYL, INCY Keep in mind that the action of the overall stock market should be monitored in conjunction with these stocks. Also, be wary of QCOR, since it had a big up day today, the odds for another such sizable directional move are reduced. Also, this list is not produced as a list of stocks ready to explode in price tomorrow. This is a list of stocks that meet certain criteria, that, if traded as a portfolio in the near term with my trading model, will produce solid returns. It is very difficult to trade and monitor more than a handful at a time however. Therefore, one can simply wait for those that trade based on the earliest signals in the session, or just monitor a few of these stocks going forward. PCYC has been at the top of the list for weeks, and is due for a correction. Since our method only trades from the long side, this stock is now viewed as higher risk. Portfolio balancing should reflect this higher risk. Scott Cole Bestdaytradingstocks.com