You are being directed to ZacksTrade, a division of Zacks & Company and licensed broker-dealer. ZacksTrade and Zacks.com are separate but affiliated companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
I thought the stars were lining up for a correction this April after the market reached new highs. Well, we got the new highs. We even got some weak economic reports. Amazingly, there has only been a -3.8% pullback to date, which does not make the grade for an actual correction (5% is the minimum drop for that designation). This retreat only gets labeled as a consolidation period within a bull market.
Indeed a correction may still be on the way, which is the focus of my latest Real Time Insight post. However, the more I think about it, the less likely I think it becomes. Meaning that the odds are now pointing to this just being a consolidation period before stocks stretch out to even higher highs.
It's a combination of two things. First, is "The Natural Gravity of the Stock Market" philosophy I shared with you all back on February 15th. Second, is that investors are no longer as easily shaken by the latest media hyped fear mongering. Instead every momentary dip is just seen as a buying opportunity. That mentality pushes the odds towards more upside on the way.
You never know what tomorrow brings and how stocks react to that news. But for right now, I will start putting my foot back on the accelerator pedal with expectation of the S&P hitting 1600 and beyond.
Companies have been using every trick in the book to eke out an extra penny come earnings time. But none of their tricks are working. If you don't dump these zombie stocks now, you'll be left holding the bag when their stock is punished.
Today, Zacks members are invited to download a revealing Kevin Matras Special Report for FREE. Our Zacks research expert strips away the mystery from three powerful, often misunderstood strategies that have been steady, conservative money makers in up-and-down markets like we're seeing now.
You probably never even heard of two of them. Don't miss Kevin's step-by-step explanation of how he personally made +98.7% in less than five months.
This free resource is being sent by Zacks.com
to our subscribers. We look for investment resources and inform you of
these resources, which you may choose to use in making your own
investment decisions. Zacks is providing information on this resource to
you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
This material is being provided for informational purposes only and
nothing herein constitutes investment, legal, accounting or tax advice,
or a recommendation to buy, sell or hold a security. No recommendation
or advice is being given as to whether any investment is suitable for a
particular investor. It should not be assumed that any investments in
securities, companies, sectors or markets identified and described were
or will be profitable.
information is current as of the date of herein and is subject to
change without notice. Any views or opinions expressed may not reflect
those of the firm as a whole. Zacks Investment Research does not engage
in investment banking, brokerage, market making or asset management
activities of any securities. Visit www.zacks.com/performance for information about the performance numbers displayed in this press release.
If you would prefer to not receive future profit-producing emails from Zacks.com the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please click here and confirm your request. If you have trouble with the unsubscribe link, please email email@example.com.