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Stock Market's Update (8-Mar-2011)

|Includes:AGCO, Wisconsin Energy Corporation (WEC)

Hello trader the general markets go higher today because of a drop in oil price. But I think the investors are still worry about the situation in Libya. Its indicated by today's market behavior, the S &P 500 and DJIA go up but there are few nice breakout stocks.

Many good stocks which rebounded from their pattern's support few days ago are still sticking to their support today (although the support are also increasing, though).

There are two stocks with good pattern, AGCO Corporation (NYSE:AGCO) with its bullish price channel pattern and Wisconsin Energy Corp (NYSE:WEC) with its rectangle, but I think today is not the right think to enter any position. We can wait until several days ahead and when everything is okay, I will get back to you and give  my stock picks.

Goodluck!



Source:
Protege Analytics - Find Your Daily Stock Picks
Stocks: WEC, AGCO