Stock Trading Ideas for 8/1/11
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The month of July is now in the books and while the $SPY fell by 2.0% the $QQQ was up 1.67% The video takes a look at these trends as well as the $SMH $XLF $IWM and some individual stock names.
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It’s funny how the markets can ignore bad news for days and then suddenly everyone decides at once an issue is important. After hitting a 10 year high on Tuesday, the $QQQ dropped 2.5% from failed moves come fast (vast) moves? See the video below.
Subscribers, you can access the video with ideas for Wednesday in the premium section.{+++}
{+++} There are some other stocks mentioned in the video, but the ones below look like the better opportunities for Tuesday.
Indecision leads to volatility and that is the current message of this market. The video below takes a look a the trends of $SPY $QQQ $XLF $SMH $IWM
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The $QQQ closed at a new high today, some of the other markets aren’t quite as decisive but it was a strong week for equities in general. The video takes a look at key levels in $SPY $IWM $XLF $SMH