Banks and Oil Prevented Rally
The market edged lower, but once again buyers
prevented the declines from collapse. Banks and energy showed weakness in
today's session - and both sectors look ready for more declines.
Despite my view that a pullback is both highly likely and needed,
we remain mostly long in our
TradeMaster Daily Stock Alerts portfolio. In fact, we added a position this afternoon.
Although I have been highly cautious over the past two months, not once
have I suggested to take a bearish stance on the market. Today was no
exception. The market is defying gravity, but suppose it does it
for another month. In the grand scheme of the market, one more month of
complete and utter manipulated bursts higher would not be that big of a
deal.
On January 10, 2011 at high noon, TradeMaster Daily Stock Alerts issued the BORN Ultimatum on shares of Borun (Nasdaq:BORN). I told readers to buy shares of BORN at $11.19. And from yesterday's close at $14.29, TradeMaster Daily Stock Alerts members are up 28%. In two weeks.
Their position in Dot Hill (Nasdaq:HILL) is up 72% since December 15. TradeMaster Daily Stock Alerts have closed 7 consecutive winning trades. And when they take gains on BORN and HILL, it will be 9.
If you're looking for strong short-term gains in
stocks that are moving, check out
TradeMaster Daily Stock Alerts .
Watch List
The TradeMaster Daily Stock
Alerts watch list is split.
Leaders on the buy list today were Dorman Products (NYSE: DORM) and from
the bearish side TTM Inc (Nasdaq: TTMI) for a full list of our trades and
video of our current watch list CLICK.
