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Daily Archives: August 12, 2011

Stock Market Video: Keep Your Powder Dry

August 12, 2011
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Stock Market Video: Keep Your Powder Dry

In this week’s Stock Market Video, Cabot China & Emerging Markets Report Editor Paul Goodwin says now is a great time to use moving averages to determine the momentum of the markets. Paul looks at the S&P 500 and the Nasdaq, where the 25-, 50- and 200-day moving averages indicate that the short-, intermediate- and long-term trend of the markets is down. Right now, you should be watching the market closely, building your watch list and keeping your powder dry. Stocks discussed: Netflix (NFLX), Lukoil (LUKOY), Baidu (BIDU) and Green Mountain Coffee Roasters (GMCR). Click below to watch!

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