Stocks To Buy Now

I always look forward to the market closing and getting my eIBD edition for the night so I can look in for stocks to buy now. Lately, I've been getting a lot emails about the best stocks to buy now. I always view those "alerts" with a great deal of skepticism. You should too. Compile your own unique stock watch list. But the hard part is how to populate your watch list with the best potential stocks. Getting your stock market investing ideas from the media, your friends and the so called "stock alerts" isn't ideal. Now where do you start if you don't want to do that?

The first thing you should do is subscribe to the Investor's Business Daily and if you can afford it a subscription to the Daily Graphs service. After you've read and started implementing the steps outlined in How to Make Money in Stocks, these two services are the pillars to discovering the what stocks to buy now.

Now when you are looking at where to start, you've got to start with earnings. Earnings are the driving force that put a stock on the radar of institutional buyers. Once on the radar, the key factor in raising a stock's price is demand for that particular stock. So the task you have at hand is to identify those stocks and focus on the price and volume action for that stock each day.

Once you've put these candidates on your watch list, it's time to look at these charts each day. What you are going to want to watch for is certain chart patterns. The most important of these is the cup with handle pattern. Good stocks to buy now come out of stocks that this pattern appears. You are going to want to watch the stocks price and volume action on a daily basis. When volume is higher on higher prices, that's your signal to start watching that stock closer.

The art of reading charts is a skill that takes time to master. It may seem that you could never do that, but you can if you start looking at them on a daily basis, you'll find the shroud of mystery starts to disappear. Read and re-read O'Neils book. You'll learn more everyday. Think of yourself as a stock doctor. No doctor would ever treat a patient without looking at their medical charts and you should never buy a stock without looking at it's stock chart.

This it the key to identifying stock to buy now.