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Week = 5 market sessions in a row (covering 1 week's time)
Weak Week = A sad state of affairs after making new highs on 9/18
The stronger than expected Durable Goods report was helping to reverse this negative trend Wednesday morning. Then at 1:30pm ET things went sour as investors misinterpreted a WalMart report about lower orders given inventory being too high.
First WalMart tanked. Their retailing peers were hurt next. Then the broader market took a turn for the worse. The net result is the 5th day in the red and second straight under 1700. This increases the odds of touching the 50 day moving average at 1680. Gladly that also increases the odds of buying great stocks at discounted prices for the next leg higher.
And if you are going to buy great stocks, shouldn't you focus on the ones likely to go up 100% or more this year?
That is exactly what Brian Bolan has in mind by sharing with you his time-tested stock picking strategies in this new article:
A coming $91 trillion market shock – lasting just 3 minutes – could gut our Social Security system once and for all. If you're at or near retirement age, you need to know what's coming. And there's still time to prepare. Here's the shocking truth, from America's most conservative income investor… including his recommendations for surviving the possible crisis.
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