5 Stocks Poised to Pop on Positive Earnings
05.30.12 | 06:50 AM
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Rocket Stocks for the week of February 23th-February 27th
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02.21.09Views:
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After playing the last two weeks relatively safe in terms of risk and capital exposure, I am willing to believe that the market will snap back to the tune of 3% to 5% this week in relatively short order.Here is why I am bullish on the week:
1) A shortened trading week coupled with options expiration, and several important economic data points increased volatility towards the downside.
2) Corporate bond trading in the United States is at a two-year high, signaling improved liquidity in the credit markets
3) Sentiment levels, as judged by the bull/bear index, and Citigroup’s proprietary panic/ euphoria showing panic levels
4) The rise in the price of gold to almost $1000 per oz. a level which was last seen the week Bear Stearns was rescued by the J.P Morgan and the Federal Reserve
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