Guess Who’s Baaack? And Why That’s Good For You….
One-hundred eighty-nine to seven!Â
That is not the lopsided score of some basketball game but it is a lopsided
score that works heavily towards our favor! It is the number of new
highs vs. new lows on the Nasdaq
(
$COMPQ |
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PowerRating) for today. Coupled with solid market action, growth stocks can do
better than any other method while keeping risk at a very reasonable level.
Some of the big-cap growth stocks like
Yahoo!
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YHOO |
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PowerRating) are joining
the rally in a big way. This stock made a nice 4% move on very heavy volume.Â
We are continually seeing
tons of other breakouts in the growth arena each day.Â
Genprobe
(
GPRO |
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PowerRating) and
Biosite
(
BSTE |
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PowerRating) have made secondary pushed higher following their large
gap-moves.
UT Starcom
(
UTSI |
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Chart |
News |
PowerRating) made a nice move through 24.10 on heavy
volume. The company boasts a phenomenal 89% growth rate.
I am excited to see just about everything acting well in
the realm of what I look at. By this I mean we have seen bear-market bounces
where stocks that trade 50,000 shares a day break out and rip higher for a few
days, but the big guys that trade an average of millions of shares a day never
find the institutional support to push higher. Nowadays, the
INSTITUTIONS ARE
BACK BUYING. This fact is priceless and definitely worth considering in your
investment analysis.
Each weekend I spend countless hours poring over what I
have coined my Weekend Research. During this session, I put together a list
of stocks that meet all of the criteria that past stocks have possessed
that have gone on to big gains. I use this week as my roadmap in the upcoming
week. I strongly suggest doing the same or looking into a service or a friend
that will offer you the same. No matter what type of trader you are, this
type of market can offer you profitable opportunities with controlled risk
if you do it correctly.
Good Trading to you!