Buy the dip
The markets are vastly oversold based on what? Nothing. No big news at all. The selling in the past two weeks has been pure speculation on some lending stuff. No big deal at all. I can't find a singlke headline that indicates that something is wrong or something bad happened.
To give you an idea of how big the selloff was the S&P had its worst week in 5 years. We're talking about the 500 best stocks crashing 6% in the span of just eight trading days after making a historic high. Wow..thats gotta hurt.
INfact, the S&P fell to Pre. Feb 27th levels completely erasing many months of gains.
The Dow and Nasdaq were hit less hard inspite the fact that the Nasdaq has smaller more speculative stocks than the S&P.
I recommend buying the dips on these stocks for an easy profit
MA (earnings will be big- buy b4 earnings on Auc 1st ),
GOOG (easy rebound to 550 in a month)
BIDU,
AMZN,
RIMM
GS (WAY OVERSOLD NOW),
DDM (dow will rebound),
and GM (notice how it rebounded off the 31 support? Will go to 35 soon)
Dow is up 42 points
If you buy the stocks & ETFs I recommended you will do very well in the coming months.
The markets are vastly oversold based on what? Nothing. No big news at all. The selling in the past two weeks has been pure speculation on some lending stuff. No big deal at all. I can't find a singlke headline that indicates that something is wrong or something bad happened.
To give you an idea of how big the selloff was the S&P had its worst week in 5 years. We're talking about the 500 best stocks crashing 6% in the span of just eight trading days after making a historic high. Wow..thats gotta hurt.
INfact, the S&P fell to Pre. Feb 27th levels completely erasing many months of gains.
The Dow and Nasdaq were hit less hard inspite the fact that the Nasdaq has smaller more speculative stocks than the S&P.
I recommend buying the dips on these stocks for an easy profit
MA (earnings will be big- buy b4 earnings on Auc 1st ),
GOOG (easy rebound to 550 in a month)
BIDU,
AMZN,
RIMM
GS (WAY OVERSOLD NOW),
DDM (dow will rebound),
and GM (notice how it rebounded off the 31 support? Will go to 35 soon)
Dow is up 42 points
If you buy the stocks & ETFs I recommended you will do very well in the coming months.
) )