The Path Of Least Resistance

  • December 16, 2004
  • Tim Truebenbach

The
market continues its battle against resistance and some year-end
selling.  The NASDAQ has still been unable to effectively break above the
2,150-level.

 

 

The end of 2004 is rapidly
approaching and for the most part we know the following: the market is in a
confirmed uptrend with plenty of leadership-quality growth stocks to speak of.

Stocks like Apple (AAPL),
Google (GOOG), Ebay,
Urban Outfitters (URBN), Bebe and
Autodesk (ADSK) have lead the market this far and
appear poised to continue.

 

 

Based on what we see in front
of us, the path of least resistance appears to be higher as 2004 wraps up.

Enjoy your weekend!

Tim