Stocks Are Holding Up Well Despite – Voice of the People
Source: http://www.zacks.com/stock/news/33074/Stocks+Are+Holding+Up+Well+Despite+-+Voice+of+the+PeoplePosted on Monday, April 19th, 2010 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Stocks Are Holding Up Well Despite
Despite the best efforts of Goldman (GS) and Google (GOOG) to knock the market back a few steps, most stocks are holding up surprisingly well.
Pretty much all the stocks we follow are down on the day, but not to the degree you would expect given the broader market action and the intense selloff in the financial sector. Even so, these kind of out-of-the-blue events can do some weird things with the market and the dip buyers have given us an opportunity to put on a nice hedge off the day's lows.
At this point we'd recommend hedging half your long exposure -- UltraShort Russell2000 Growth ProShares (SKK) is our hedging vehicle of choice -- and taking it off once the market stabilizes or regains yesterday's highs.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.comZacks Investment Research
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Stocks Are Holding Up Well Despite
Despite the best efforts of Goldman (GS) and Google (GOOG) to knock the market back a few steps, most stocks are holding up surprisingly well.
Pretty much all the stocks we follow are down on the day, but not to the degree you would expect given the broader market action and the intense selloff in the financial sector. Even so, these kind of out-of-the-blue events can do some weird things with the market and the dip buyers have given us an opportunity to put on a nice hedge off the day's lows.
At this point we'd recommend hedging half your long exposure -- UltraShort Russell2000 Growth ProShares (SKK) is our hedging vehicle of choice -- and taking it off once the market stabilizes or regains yesterday's highs.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.comZacks Investment Research
About Zacks Market Commentaries (http://www.zacks.com/)
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