Monday, September 6, 2010

Weekend Recommendations

The market continued its winning ways on Friday to close out a bullish week. Leading stocks continued to perform well and the indexes closing on their highs for 3 consecutive days demonstrated real strength. New groups emerge every week to broaden the leadership. This week the restaurant and the machinery stocks joined the leaders. Looks like now is time to buy weakness if the opportunity presents itself. And remember to add to your winners. Buy strength.

Stocks to be purchased are: WTR @20, SOA @14.50, QCOM @40, HS @21. Buy these as they trade upward and thru these prices. XEC thru 71, ROVI thru 45.06, ADTN thru 33.10, CRUS thru 18.10, NVDA thru 10.50, NUE thru 39, JCG thru 35. ALV thru 59.78 displaying a high cup with handle formation and LXK thru 39.48 with a double bottom with handle formation.

As always be patient with the trades and wait for your spots. Dont overtrade. Good luck.

The author owns positions in FCX, AMT, AVGO, NZ, AKAM

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