This Appears To Be The Strongest Stock Out There Right Now

  • May 4, 2005
  • Tim Truebenbach

 


Tuesday’s trading wasn’t exactly a follow-through day, but we did
see slight accumulation in the NASDAQ. The index closed higher on heavier
volume than Monday.

 


 

The market killed its last
rally attempt by undercutting the recent lows.  The indexes are attempting a
new rally and are three days into it.  We are looking to see if it can
establish some sort of accumulation pattern by large institutions.  With rates
on the rise, this has been tough to come by.

 

Google (GOOG) appears
to be the strongest stock out there right now.  It corrected less than most
other names and displayed strength into the overall market’s weakness.  Due to
that action, it is not a big surprise that it is rallying while the market
declines have at least temporarily abated.

 


 

We still remain in a very
uncertain environment and it is best to only test the water with a small
amount of your capital (10-20%).  There is no point in sending hard-earned
money to its uncertain doom!

 

Good Trading.

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