Quality Growth Stocks Lead the Way as Stocks Advance in Mixed Trade
Source: http://www.market-speculator.com/2009/06/02/quality-growth-stocks-lead-the-way-as-stocks-advance-in-mixed-trade/Posted on Tuesday, June 2nd, 2009 | In Investing Lessons, Market Commentary
From the get go stocks pushed higher following through from Friday’s late day surge in trading. Leading stocks took center stage as many of them surged higher on heavier volume showing institutional support. I am looking for this trend to continue with leading stocks. Up to this point we have seen junk off the bottom stocks lead this market from its lows. Since the March 12th follow through day we have yet to see leading stocks take center stage. Junk off the bottom stocks is not what you want when you are expecting an uptrend to continue. Quality growth stocks, those showing excellent growth in fundamentals is what is needed for a sustainable uptrend. I do believe we have the right ingredients in place for this market to continue its march higher.
Always remember to cut your losses short and your powder dry to take advantage of the opportunities the market is giving you.
Market Speculator
Last 5 posts by Market Speculator
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 About Market Speculator (http://market-speculator.com)
Market Speculator began his market career shortly before 9/11/01. The methodology he uses comes from the greatest stock market traders of all time; Livermore, Darvas, O’Neil, Dryfus, etc. Decision making is based on price and volume while stock screening is done by growth in fundamentals. Much like William O’Neil’s CAN SLIM approach to investing Market Speculator focuses on a narrow amount of stocks and lives by cutting his losses early. |
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