| Rank | Previous Rank | Symbol | MLT+Swing | Days in Top 5 |
|---|---|---|---|---|
| #1 | (#1 --) | NVTL | 0.87 | 12 |
| #2 | (#2 --) | PALM | 0.73 | 5 |
| #3 | (NR) | ABX | 0.71 | 1 |
| #4 | (NR) | PSS | 0.68 | 1 |
| #5 | (#3 -2) | SXE | 0.66 | 12 |
The market is now trading back within the range that I set forth in my weekly update and the GDP report tomorrow will dictate trading tomorrow. My prediction is for a slightly stronger than expected report, in the area of down 4%, that will get revised lower in three months. The market will do little on any number of 5% of less, and the market could go down a lot should the number top 7%. In reality, the number doesn't matter except in terms of physiology. The fourth quarter is behind us, and what the market cares about now is the third quarter of this year. If you listen to what the market is telling us right now, it is that there won't be recovery six to nine months from now.
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2 comments:
This blog is total indicate that what position of stock market and banks and The market traded sharply lower today as the stock market got some very sobering news, at least for people who are long banks and the stock market, from President Obama.
It isn't very good for the stock market, confidence, and it are especially bad for the bank stocks.Watch a free video on Gold IRA.
I've heard a lot about picking stock, but I was wondering what advice you had about penny stock. Lots of people I know are interested in investing in these first, so picking penny stock is quite important to us.
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