Top Stocks Poised to Breakout, Be Prepared
December 9, 2007
If you do not subscribe to Investors Business Daily, I would suggest picking up the free couple of weeks subscription. With that said, if you check out the IBD 100 you will notice a fair amount of those in the IBD 100 are within 5% of a proper buy point. This is an excellent signal for market players who play the trend and who play confirmed market rallies. At this moment how can you not be playing the long side of the market?
The BIGGEST news story of the week will be the FOMC “Fed” meeting on Tuesday. Ben Bernanke and company with will have to balance inflation and economic growth. Market players have all but baked in a 25bps cut but will big Ben give a 50bps+ cut? All speculation, I could care less from a trading standpoint what they are going to do. IBD 100 is certainly hinting that we should be long growth stocks, especially those in the IBD 100, IBD 85-85, and IBD New America.
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