David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
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STARS LINE UP FOR BULLS 0 comments
We are heading toward the end of the quarter and with stocks struggling and still somewhat oversold it’s time for those who can and must pump things up.
Reading the news was more than just interesting -- it was remarkable. There was confidence the Greek situation would be resolved given French plans and perhaps more importantly behind the scenes support from China. Microsoft(MSFT) rose because a court decision voided a law requiring video game makers not to sell violent games to youngsters.Amazon(AMZN) rose sharply on an upgrade from Morgan Stanley. Bank stocks rallied most likely because they were oversold. But, toss in a buy recommendation from analyst Dick Bove (him again?) for Bank of America(BAC), and the sector rose.
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