Friday, September 09, 2005

Good Ending To A Good Week On Wall Street

The stock market finished Friday the way it looked this week. And that is to say pretty darn good. The major market indexes closed around the highs of the day and volume was higher than the day before across the board. Very positive action, considering how negative the day "looked" yesterday to most traders and investors.

For the week, the Dow Jones and SP600 were the leaders, with both indexes up 2%. That shows the broad strength in this current rally from September 6th.

The market is in a confirmed rally and all trends are up. No matter how bearish you "feel" it doesn't matter. Until the stock market rolls over and distribution days pop up, you have to be bullish and follow the trend. That is where the big money is made. By following the primary trend of the stock or index.

New Swing Longs: CKP WLT REDF SNG PXP SFCC TGC ONXS MXRE

Longs Outperforming Market: CPST GAP ROS BVN CPTV VRNT FOXH RBAK VC ASEI SLXP RTSX ANAD CLHB NFLX CVO AAPL SCI

New Swing Shorts: STA CIB

Shorts Outperforming Market: ANF

Stocks On The Radar Screen: ALFC FADV HCT CAV PEIX VTO HRSH DDRX GAIA

Have a great weekend!!

1 comment:

Joshua "MauiTrader" Hayes said...

Thank you.

I am really young but maybe in the future I will need to use this site.