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Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

Let Your Stocks Tell You What To Do By The Action They Exhibit

Companies / Company Chart Analysis Jun 27, 2010 - 06:17 AM GMT

By: David_Grandey

Companies

Best Financial Markets Analysis ArticleFollow The Leaders!

While everyone is fixated on the indexes we prefer to focus on the leaders.


While the indexes have gone lower the the last few days breaking into new lows during this pullback off the 1130 level on the S&P 500 a fair amount of names have stood pat, broke to new highs, or just pulled back to support levels or even the 50 day average.

Call it whatever you want but relative to the indexes these names are showing strength! Just look at the charts of three or our current positions:

NFLX — Netflix

AKAM — Akamai

SNDK — Sandisk

What we want to you to notice is two things:

1. Look at the charts and ask youself what is the overall trend of these issues?

2. We want you to ask youself — Is this what your whole account looks like? If not, why not

It’s the end of the quarter and if they want to run the markets into quarter end from the looks of all our holdings and the watch list it started with Friday’s positive reversal.

While the indexes haven’t shown us anything, many of our current positions staged positive reversals Friday and those that haven’t have pulled back in an orderly manner and are right at key support areas such as the 50-day and their upward trend lines.

That said, the following statement applies to our trading decisions:

“Let Your Stocks Tell You What To Do By The Action They Exhibit”

By David Grandey

www.allabouttrends.net

To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

© 2010 Copyright  David Grandey- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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