The major indices resumed their uptrend this week and the S&P ended 3.5% higher and closed above the $1100 resistance level. As we suggested last week, buying on pullbacks is a good strategy at this point. If you see a stock breaking out.. More
The markets ended slightly lower this week but that was after a major rally in the past week. The S&P was starting to look a bit overbought in the short term and had to take a breather. With earning reports coming out for the 2nd Quarter, market volatility will increase, however our outlook remains bullish. As we said last week, we consider it now safe to be investing in stocks. It is wise however not to be buying all your stocks at once, specially after a major move upward. Wait for a pullback like what we got on Friday and add to the positions you initiated. Also you should always have a defined exit price point in order to protect you from any losses in case the market turns against you.
Notes on how to read our Stock Newsletter: 1. Our Stocks and ETF recommendations are not meant to be used for Day Trading purposes. We won't try to call the market direction for one particular day. 2. Our market view reflects our sentiment on the overall market. It can be one of three states: BULL, BEAR, or NEUTRAL. We only recommend buying stocks when the sentiment is BULL. BEAR means that we recommend selling stocks and staying in cash (or short stocks in some occasions). When we are neutral on the market, it usually means that the sentiment is changing and we will indicate if it is positive or negative in our commentary but we don't recommend buying at that point.
* Investing in stocks is risky and can lead to financial loss. Past performance is not indicative of future results. We do not assume responsibility for any profits or losses when trading stocks listed on our website. The information on this website is meant to be used as an additional tool to assist you in your trading decisions.
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