The markets continue to behave very bullishly since the new year started with up day after up day with intraday corrections. It’s my hope that we pull back about 40 points on the Nasdaq, which would then set up some buying opportunities.

Two new stocks I’m adding to my watchlist today are HNT SGMS.

INVN was one that appeared on my scan yesterday, but I didn’t add it because it’s a recent IPO and it rallied another 6% today. It’s this sort of bullish action among momentum stocks that will enable this rally to go much further than most think it can.

Chart from video

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4 Responses to “Buy The Dips For Now”

  1. rajesh Says:

    hi jeff,
    remember me? i am still sticking to my position call of 13000 on dow.
    rajesh

  2. jeff pierce Says:

    I’m bullish right now as well rajesh.

  3. Joel Donovan Says:

    Jeff,

    I am in agreement with you. I think the FXE is gonna bounce which will take some money out of the dollar. This move may last a couple of months which would be bullish for gold and oil. Looking at the miners they look like buy also.

    The only thing that is bugging me is the TLT. Take a look at the daily chart and the ADX is below 12 for the first time in a long time. If these commodities start running that is a sign of inflation which could mean money could flow out of bounds and into stocks.

    Thanks for the videos

  4. jeff pierce Says:

    Doing a quick bond post, should be up within the hour.

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