Focus on the best stocks, here’s how
Timothy J. Truebenbach is the
President of True Capital Management and general partner of True Capital
Partners LP, a hedge fund. He uses a disciplined model that trades on the
intermediate-term time frame. For a free trial to Tim’s Nightly Stock Analysis
Report
click here or call
888-484-8220 ext. 1.
The market has been up to its old tricks once again. For the
past couple of weeks we have not made much progress as the Fed and media try and
get their act together. Yesterday’s last-minute sell-off was appalling, but also
makes one realize that it was probably going to happen anyways.
In today’s action, we see the NYSE related indexes enjoy a nice rally on heavier
volume. Many leading stocks showed resilience during yesterday’s decline and the
market was able to enjoy a small rally on Tuesday. Empire Resources
(
ERS |
Quote |
Chart |
News |
PowerRating),
Hansen’s
(
HANS |
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PowerRating) and Superior Well
(
SWSI |
Quote |
Chart |
News |
PowerRating) are all names trading higher
and at or near new highs.
They also go to show why it has literally paid well to follow and trade
high-quality stocks with strong fundamental traits rather than old leader such
as Intel
(
INTC |
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Chart |
News |
PowerRating) or Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating).
The market’s overall price and volume action has held up in a bullish manner.
The market’s trend still appears higher, despite all of the uncertainty
surrounding higher oil and rates. The best thing to do is buy into the market
while the trend remains this way. Consider heavily researching quality companies
or you may choose to look into ETF’s or mutual funds that take advantage of a
rising market. With the top of most of North America’s real estate market, it is
important to make sure that every portfolio with growth in mind has some
exposure to the stock market.
Tim Truebenbach