Sunday, November 23rd, 2008

US Stocks Poised for Weekly Gains

Apr 4th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Stock Market Investing

Mr Market seems to have taken in his stride today’s dismal jobs data, sending US stocks towards weekly gains.

Despite the worst monthly cut in US payrolls in five years, US stock market indexes were poised for increases of 3% to 5%, according to Dow Jones Market Watch.

The gains come ahead of next week’s round of earnings estimates.

The Dow Jones industrials are up 24.59 points to 12,650.62, a weekly gain of 3.6%. The boarder S&P 500 is 4.7% north of where it stood one week ago.

“The one indicator to watch right now is the the Volatility Index,” says Jeff Clark in The Growth Stock Wire.

“This measures the implied volatility factored into the price of S&P option contracts. In simple terms, it’s a measure of fear. When traders are afraid of losing money in stocks, they’ll often pay up to buy protection in the form of index put options. The increased demand for puts inflates the option premiums… and the VIX rises.”

“Invest in the nation’s essential goods and services and your money will be protected against inflation and will still work towards making you rich,” says Andrew Snyder in Today’s Financial News.

“There are dozens of companies out there that meet this criteria, but only one of them offers the kind of profit opportunity that makes my balding head break out in sweat.”

Click on the following link to find out what hot medical stock has Andrew so excited.


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