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| The
markets finished the week with less of a loss then the week before, but the rallies seem to be weaker and consumers
don't seem to be all that confident. Reports of increases manufacturing and personal incomes gave the markets a
reason to rally on Monday and kicked off February with positive start. The announcement that the ISM's manufacturing
index jumped to 58.4 in January from 54.9 in December, made investors feel a bit better, but holding here is the
question. Have investors, after rising doubts about the economy led to three weeks of losses, decided
the fall was enough? Being a technician, I believe the DOW
30 needs to correct to the 9700 support level before the next leg of the bull can get going. If I am correct we
need to hold our strong stocks, get rid of our weak ones and start following our next favorite until it becomes
a bargain. Continue to use caution and stick with the smaller stocks for the better bets! more |
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"Spotlight Featured Stocks"
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Mineral Hill Industries Ltd.
(MHI.V)
(52 week range 0.003 - 0.20)
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Advanced Micro Devices
(AMD)
(52 week range 1.75 - 7.33)
Can't stop climbing
BUY anything under $5.50
QUOTE
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Comtech Telecommunications
(CMTL)
(52 week range 19.56 - 50.55)
BUY anything under $35
QUOTE
as a current "Closer
Look" for
the "long term"!
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