MARKET CORRECTION UPDATE
The markets are now in a correction. Most stocks will follow the general market down so it pays to be cautious. Growth stocks, like the ones we trade will usually go down 2 to 3 times more than the overall market. Make sure you always use "sell stops."
STRENGTH
Here's a list of leading stocks that are holding up during this correction. They remain above their 50-day moving averages, a sign of strength.
AAPL, BIDU, GMCR, ISRG, PCLN, PWRD, NEU, NFLX, HMSY,VRX, VPRT, ASIA, CRM, LFT, RINO, STAR, RAX, ARST.
WEAKNESS
These leaders have fallen below their 50-day moving averages, mostly on heavy volume. Many of them are most likely in the early stage of building a new base.
ADY, CGA, CKSW, HMIN, PEGA, TSRA, VIT, MELI, ARO, EJ, EQIX, FUQI, MED, NTES, STEC
This correction is long overdue and is a normal part of the stock market cycle. It can be healthy in that it allows stocks to set up in new bases that can be traded when (and if) the market resumes it's up-trend. We will be monitoring the leaders very closely and will be ready to take adavantage of any future opportunities.
Wednesday, October 28, 2009
Tuesday, October 27, 2009
Are Stocks Ready to Fall?
Large investors are starting to exit the markets as some leaders get hit. Is this the start of a major correction? Pro trader Mark Gordon takes a look.
Monday, October 19, 2009
Saturday, September 19, 2009
Thursday, September 17, 2009
Tuesday, September 15, 2009
Monday, September 14, 2009
Saturday, September 12, 2009
Wednesday, September 09, 2009
Monday, August 31, 2009
Friday, August 28, 2009
Tuesday, August 25, 2009
Monday, August 24, 2009
Sunday, August 23, 2009
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