10 for 1000 Watch list is posted

Published: Sun, 01/11/09

Sorry for the delay and the length of the list this week. there are a lot of interesting set ups. Should be a great week if you have the patience for the stocks to break there trigger points.
 
the video can be seen here
 
http://daytradingradio.com/10for1000/
 
also will be watching steel makers tomorrow
 

Steelmakers lead decline in Asian metal shares

By V. Phani Kumar, MarketWatch
Last update: 9:49 p.m. EST Jan. 11, 2009
HONG KONG (MarketWatch) -- Steelmakers such as Posco and Angang Steel Co. led Asian metals and mining shares lower Monday, on reports Japan's Nippon Steel Corp. was expected to further cut production and ahead of likely weak earnings from Alcoa Inc.
Steel shares were particularly weak as regional markets retreated Monday, after a pre-weekend decline on Wall Street.
Shares of Posco (PKX:
PKX
Last:

Delayed quote data
Sponsored by:
PKX,,) dropped 3.3% and Hyundai Steel Co. (HYNS.Y:
HYNS.Y
Last:

Delayed quote data
Sponsored by:
HYNS.Y,, ) gave up 2.7% in Seoul trading, while Bluescope Steel (AU:BSL:news,chart,profile) (BLSFF:
BLSFF
Last:

Delayed quote data
Sponsored by:
BLSFF,,) shrank 2.3% in Sydney.
Chart of JP:5401
Shares of Baoshan Iron & Steel Co. fell 0.8% and Wuhan Iron & Steel Co. lost 1.1% in Shanghai, while Angang Steel Co. (HK:347:news,chart,profile) slid 3.1% in Hong Kong and 2.2% in Shenzhen.
Japanese markets were closed for a holiday.
The decline in steel shares came after Reuters reported Nippon Steel (JP:5401:news,chart,profile) (NISTY:
NISTY
Last:

Delayed quote data
Sponsored by:
NISTY,,) was likely to cut production because of weak demand and pressure for price cuts from its automaker clients.
"We have said two million tons, but it probably won't stop there," Nippon Steel chairman Akio Mimura said, referring to the company's previous plan to cut production during the fiscal second half ending March 31, according to the report.
The drop in Posco shares came in spite of reports in Japanese media that Toyota Motor Corp. (TM:
TM
Last:

Delayed quote data
Sponsored by:
TM,, ) (JP:7203:news,chart,profile) had decided to buy steel from the South Korean steelmaker to cut costs. The move that was expected to hurt Toyota's Japanese suppliers such as Nippon Steel and JFE Holdings (JP:5411:news,chart,profile) (JFEEY:
JFEEY
Last:

Delayed quote data
Sponsored by:
JFEEY,,), Reuters reported.
Nonferrous metals stocks and miners also declined across the region, on worries about falling global demand and ahead of quarterly earnings report from Alcoa Inc. (AA:
alcoa inc com
 Last: 26.35+14.99+131.95%
9:11pm 01/10/2009
Delayed quote data
Sponsored by:
AA 26.35,+14.99,+132.0%) later Monday. The aluminum giant is expected to have lost 7 cents a share in the fourth quarter, down from a profit of 36 cents a share in the year-earlier period.
Aluminum Corp. of China (ACH:
ACH
Last:

Delayed quote data
Sponsored by:
ACH,, ) (HK:2600:news,chart,profile) gave up 4% in Hong Kong and Korea Zinc Co. fell 1.9% in Seoul, while Rio Tinto (AU:RIO:news,chart,profile) (RTP:
rio tinto plc sponsored adr
 Last: 25.18-83.29-76.79%
9:11pm 01/10/2009
Delayed quote data
Sponsored by:
RTP 25.18,-83.29,-76.8%) shares sank 5.5% in Sydney. End of Story