5 Reasons Why I’m Bullish
I’m bullish for the following reasons:
1. In spite of bad news, the Nasdaq reversed and closed higher after trading
lower. This action puts it at a new high for 2005.
2. Biotech has been on fire lately. It closed at 4 year highs today.
3. The semis initially sold off on the Intel news but reversed to close
up over 1% higher. This action puts them at new 1-year plus highs.
4. The S&P closed at a 4-year high.Â
5. Yahoo! was creamed on bad news but Internet overall is still higher than
it was 2 days ago.
This market is climbing the wall of worry.Â
For more reasons on why I’m bullish, see my weekly audio/visual presentation (click
here). In it, I also covered the psychology of trading, things you need to know if you
are new to trading, current market and sector conditions, and examples using
recently mentioned stocks. I also answered questions on individual issues. Email
me if you need the link to this or the archives for the prior year (which cover
a many topics).Â
Best of luck with your trading on Thursday!
Dave Landry
P.S. Reminder: Protective stops on every trade!
P.P.S. Learn my newest and most advanced version of my Bow
Ties Strategy. Click
here for details.