Online Stock Trading | Top Stocks Poised to Breakout, Be Prepared

Top Stocks Poised to Breakout, Be Prepared


Filed Under Market Commentary |

If you do not subscribe to Investors Business Daily, I would suggest picking up the free couple of weeks subscription.  With that said, if you check out the IBD 100 you will notice a fair amount of those in the IBD 100 are within 5% of a proper buy point.  This is an excellent signal for market players who play the trend and who play confirmed market rallies.  At this moment how can you not be playing the long side of the market? 

The BIGGEST news story of the week will be the FOMC “Fed” meeting on Tuesday.   Ben Bernanke and company with will have to balance inflation and economic growth.  Market players have all but baked in a 25bps cut but will big Ben give a 50bps+ cut?  All speculation, I could care less from a trading standpoint what they are going to do.  IBD 100 is certainly hinting that we should be long growth stocks, especially those in the IBD 100, IBD 85-85, and IBD New America. 

For those who are not “believing” in this market, I refer to those who do not believe in the current Patriote run.  Tom Jackson (ESPN analyst) continues to doubt the Pats and picked against them this week.  Again, he was wrong and he was wrong when he picked the Colts.  Trying to pick the “Top” or pick the first loss of the Patariots is foolish.  Up to this point you’ve lost!  Why fight the trend?  Pats are on a winning streak, stock market is pointed to go higher why fight it?

Enjoy the trading week!

Market Speculator

Stocks to watch(not a buy list):  SCSC PFSW OTEX IMAX TNP AZC RDNT INOD ASUR EDAC

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Comments

One Response to “Top Stocks Poised to Breakout, Be Prepared”

  1. Monster Stock Trader » Blog Archive » Top Stocks Poised to Breakout, Be Prepared on December 9th, 2007 11:35 pm

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