web analytics

Daily Archives: May 27, 2011

Stock Market Analysis Video

May 27, 2011
By
Stock Market Analysis Video

In this week’s Stock Market Analysis Video, Cabot Top Ten Trader Editor Mike Cintolo says the market found some support this week, but the overall trend remains negative. Mike thinks you should be taking a break from active trading and focus on building your watch list. Mike also discusses how to determine which stocks are likely to be the leaders of the next upmove. Stocks discussed: MercadoLibre (MELI), Wynn Resorts (WYNN), Fortinet (FTNT), Abercrombie & Fitch (ANF) and Lululemon Athletica (LULU). Click below to watch the video!

Read more »

Work Now, Prosper Later

May 27, 2011
By
Work Now, Prosper Later

Anyone paying attention to the market during the past few weeks knows that the bulls aren’t exactly putting on a good show. Starting in early April (earnings season), many leading stocks began to sag, and a few broke down in violent fashion. Now the weakness has spread to the major indexes, most of which decisively penetrated their 50-day moving averages this week on renewed European debt scares. In other words, the market is in some sort of correction here–the sellers are taking control.  Now, when I say correction, I don’t necessarily mean the indexes must fall at least 10%,...

Read more »