Novas medidas do Governo pressionam contas em 0,6% do PIB

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TradingMarkets.com
Two Ways To Look At Weakness
Tuesday July 15, 5:15 pm ET
By Tim Truebenbach


The market is healthy! Who really believes that right now? Especially after we just saw the major averages open strong and close week for two consecutive days.
In reality, the market, especially the Nasdaq is VERY healthy right now. Other than a few hiccups, price and volume have not led us to believe anything other than accumulation is going on right now. The tail the Nasdaq left on 7/14 still saw the index advance over 1% on heavier volume than the previous day. We have seen leading stocks such as eBay (NasdaqNMEBAYNews) push higher.

There are two ways we can look at weakness as we saw on Monday and Tuesday: a great opportunity or a potential problem with the current advance. Fortunately for us, the last blatant distribution day on the leading Nasdaq was back on 6/30. We are in the clear at this time and weakness should be construed as opportunity. Market pullbacks are always a good time for new setups to occur. We have seen a drought for a couple of weeks with only a few names here and there. Granted, these few names have performed very well, but stocks such as Ryland (NYSERYLNews) have attempted bases but broken out prematurely or without enough support behind the move.



My Trading Service was able to establish some very solid positions in the Spring and early Summer. Now is the time to watch the market leaders as they establish new entry points and allow capital to be put to work after the historically slow summer trading time. Keep an eye on names such as (NasdaqNMHITKNews), , (NasdaqNMLENDNews), (NYSECOHNews), RYL, (NasdaqNMUNTDNews), (NasdaqNMGPRONews) and (NasdaqNMUTSINews).



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Until next time,

Tim Truebenbach