Online Stock Trading | IBD calls for confirmed rally, Big Ben hints at rate cuts

IBD calls for confirmed rally, Big Ben hints at rate cuts


Filed Under Market Commentary |

The most likely scenerio, the bulls will run with the hope of more FOMC target rate cuts.  Wednesday’s action proved that when stocks soared on big volume.  Thursday’s action was an excellent day to see the market stand still on lower volume.  The market simply can not go straight up, you like to see days where the market simply stands aside.  Continue to look for stocks with superior growth numbers who are about to breakout of sound price consolidation.

LTRE made a great move yesterday.  I am still keeping my eye on AVAV.

I still would be heavily cautious in starting a position in QID, I would however take a closer look at SDD.  Small Cap indexes have just been completely demolished.  If the market moves higher on lighter and lighter trade, I would be inclined to take a much closer look at SDD.

Market Speculator

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Comments

2 Responses to “IBD calls for confirmed rally, Big Ben hints at rate cuts”

  1. Aaron on December 3rd, 2007 8:39 pm

    I think there are now too many people who think we have gotten out of the woods. These people could still get hurt very badly. I’m being cautious in the very short-term, as I think testing the bottom is likely.

  2. Market Speculator on December 4th, 2007 2:39 pm

    Aaron, I agree…but it seems if the FOMC cuts more than 25bps we could see a rally.

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