Upside Buy Alerts Going Off on Magnet Stocks

Jordan Kimmel  |

When the stock market indexes go up but the advance/decline line struggles…that is often the signal to be cautious. When the A/D hits a new high as the market digests gains… look for the stock market to go higher.

Yes, the market is in a digestive mode. Leadership has been hard to find. We have even seen a couple of lower lows and lower highs on the indexes. There have even been reports of the sky falling again on Wall St.

The reality is that most of the stocks I follow, and the indexes, are all coming off the bottom of the envelope again. Many market leaders are looking much better than the indexes… Energy, medical, tech- and Magnet stocks of all sizes…are looking ripe to move higher.

Yes you should be cautious – always! You should not chase in any market. For those that have been patient, you should be seeing set up charts all around. Two “upside buy” alerts went off this morning for me.

And while it is good to be cautious, today’s investors are suffering from PFCS- Post Financial Crisis Syndrome. No the sky is not falling – in fact- we are seeing positive divergence…make money while the Sun is shining!

*DISCLOSURE: No relevant positions

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Visit the T3Live Homepage, Virtual Trading Floor, and Learn More About Us.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
MITT AG Mortgage Investment Trust Inc. 17.69 0.12 0.68 130,057 Trade

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Can the Media Solve the Partisan Conflict?

Andrew McCarthy, Contributing Editor, The National Review; Michael Zeldin, CNN Legal Analyst; Celeste Katz, Senior Political Reporter, Glamour; Silvia Davi, SVP, Contributing Editor, Equities.com; and Doug Simon, CEO, D S Simon Media discuss how the media’s role has shaped the landscape for communicators and what the media is trying to do to reduce discord in society.

Emerging Growth

DirectView Holdings Inc

DirectView Holdings Inc designs and installs surveillance systems, digital video recording and services. The company through its subsidiaries operates within two divisions security and surveillance and video conferencing services.