Group items tagged

Some stocks that have been long out of investor favor, including AOL and NFLX both gained ground on respective announcements today. Chip companies were higher across the board as technical levels inspired buying.

Stocks are on pace to extend gains for a second week as the fourth quarter tries to recover from a dismal Q3. Consumer spending and online advertising have helped push the market higher.

Q3 earnings take center stage. Wall Street now EXPECTS the U.S. to avoid recession and for Europe to solve its debt problems. There may be no room for surprises in this market.

"For the best prospects, do a price and volume check of each week within the stock's base to help you conclude if the stock is showing sound accumulation or too many price and volume defects. Next, do a fundamental analysis checking for excellent earnings, sales, and return on equity." - William J. O'Neil, MarketSmith Founder.

Buyer Demand Rating| Key to Find Great Stocks

Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.

Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.