|
The contents on this page are a small sample of StockTradersHQ's member resources (FREE Trial!)
1.
Our staff of professional technical traders analyze 1,000's of potential stocks every day to provide you with a list of stock picks with the greatest potential for explosive gains.
2. These stockpicks are traded with our real-time portfolio. Email alerts are sent for every entry and exit. Through the member-only website, you will have our support every step of the way.
3. Our subscription service provides all the resources, stock picks and tools an investor needs to make very profitable, consistent trades while maximizing gains and minimizing losses.
SEE OUR TOP PICKS FOR 2006...
|
|
Monday, July 11, 2005
Market Recap
The Russell 2000 small cap index bolstered up to another brand new high today and continues its incredible breakout performance. Along with the Russell, the DOW had another good follow through day and tacked on more gains since the terrorist attack lows last Thursday. Today, the DOW gained 70 more points, the NASDAQ gained 22 points and the S&P tacked on 8 points as well.
Why the Big Reversal?
The reversal that has happened in the market since last Thursday's lows has been incredible. The bottom of the market may have come on that day and we will discuss the reason. Consider the fact that at the time of the London bombings, all the major indices had bear flags and they fell out of those flags at the open on Thursday. Since all of these flags gave way to the downside in a hurry, from a technical stand point, serious selling should have occurred as a result. However, there were no sellers when these levels were violated. This prompted buyers to come in and since the indices finished at the highs for the day, this was a very positive development for stocks and the market overall. All we really needed to see was that stocks did not crumble in the face of bad news and when stocks do not go down on bad news, it is usually the sign of a bottom in the market.
I expect another day of buying but let's face it, profit takers are going to come in at some point in the next day or two. This will cause a slight pullback in the market and if you are not in yet, it will give you a chance to buy some of the leading stocks in this next market move. Do not be afraid of pullbacks, it is safe to buy the dips, in my opinion. The Fed will be done raising rates in the next 3 to 6 months and as we know by now, the market can forecast things 6 months out. Maybe this rally is getting started in advance of the Fed announcing it is through raising rates after the next raise or two. We do not know for sure but it is a very good guess at this point as to why the market is doing so well lately, it is forecasting rates hikes coming to an end.
The Chart Parade
There are so many stocks on the move I feel compelled to show as many charts as I can. Let's get to the parade of charts again tonight.
STHQ Chart Index
If you go to the chart index in the left side menu, you can review and study charts that we have annotated for each stock listed in the past.
For New Members
For all of the new members with us, please make sure to read the link “How to use Bulletin” at the bottom of the Bulletin page on the website. It is critical that you know how to use this trading tool before trying to trade the stocks mentioned. The effectiveness of your trades will diminish if you do not completely understand how the information is presented.
Earnings Calendar
We have added the earnings link for each stock on the bulletin. To access the link for earnings, you can either use the link below or click the link on the bulletin for the corresponding ticker. Click the online bulletin in the left side menu for access to the earning calendar for each stock listed. It is not recommended to hold a position through earnings. You can always buy the stock back after the dust settles.
http://www.earnings.com
Stockcharts Listing
Please vote for us once a day at stockcharts.com.
http://stockcharts.com/def/servlet/Favorites.CServ...
Thank you all for voting. |
|
|
|
|
|
|
