Stocks Finish on an Excellent Note
Filed Under Market Commentary |
Stocks finished higher on Friday supported by volume. Exactly the kind of finish we want to see in a confirmed market rally. Contrary to some, those Chicken Littles we are moving higher until something of equal and opposite force stops this bull train. This past week’s action clearly is telling us that the path of least resistance is higher. Now is the time to take a look at those companies showing superior growth in sales and EPS. Studies by IBD have shown the greatest stock market winners come during the first stages of a confirmed market rally. You don’t want to be left behind.
Market Speculator
Last 5 posts in Market Commentary
- Resistance is Proving to be Too Great for Major Indexes - August 19th, 2008
- Stocks Reversed from Highs in Lackluster Trade - August 16th, 2008
- Low Volume Rally as NASDAQ Retakes a Key Moving Average - August 15th, 2008
- We Are Severely Overbought and the Global Slowdown is Beginning to Show its Face - August 13th, 2008
- Proceeding With Caution, This Market is Shaky at Best - August 12th, 2008
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