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The Letter was last Updated: 7/25/10 14:05ET
Market Outlook == BULL
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
Check out our Weekly Recommended Trades
Performance of our Past Trades
Previous Market Commentary (7/18/10):
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.
Recommended Stocks and ETFs
View our Stock Newsletter picks.
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.
Market Outlook == BULL
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
Check out our Weekly Recommended Trades
Performance of our Past Trades
Previous Market Commentary (7/18/10):
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.
Recommended Stocks and ETFs
View our Stock Newsletter picks.
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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