Wednesday's Premarket Analysis is Ready
Hyper Growth Stock <support@hypergrowthstock.com>
date: Wed, Jul 14, 2010 at 7:03 AM
The second-quarter earnings season just started and so far,
the numbers have been positive and helped boost investor
confidence. Positive earnings from Intel will create some
buying momentum at the open. But just to put it into
perspective, only three companies have released their
numbers so far and as activity remains weak, sentiment can shift
very quickly.
The Dow Jones Industrial Average broke through its latest
major resistance area of 10,200. However as we have pointed
out, volume is well below average so these gains are
fragile. Investors are happy to ride the Dow higher in the
near-term but they will be just as quick to take their
profits if the price action becomes a little bumpy.
The rise in investor optimism is having a positive effect on
the financial sector. Bank stocks are on the rise and that
includes one we are watching: ABK gapped significantly
higher Tuesday morning and although there was some
profit-taking, we think this momentum could continue.
.
You can read our full Premarket Analysis at:
http://www.hypergrowthstock.com/2010/07/13/wednesday-july-14-premarket-analysis
Have a Great Trading Day
Your Hyper Growth Stock Team |
