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For the fourth session in a row stocks flirted with a breakout to new highs and then wilted at the moment of truth. This leaves us in an odd place.
No one wants to really sell as all recent corrections are quickly reversed.
And no one really wants to buy as all potential breakouts come up short of the mark.
My sense is that this state of limbo will be in place a while longer with the overall market trading in a narrow range (1800 to 1850). The individual winners will be those that topple earnings expectations. And the losers will be those who only meet or fall short of this quarterly task.
That means it is important to stay on top of what happens this earnings season. Perhaps even look for stocks likely to beat and buy them before their earnings come out.
The "Earnings HQ" section at the end of each issue of Profit from the Pros will point you in that right direction (especially the Best Earnings ESP Stocks section). So be sure to make a daily habit of checking this valuable information.
Others pay thousands of dollars to see such privileged, sensitive information. But starting now, you can receive a hand selection of the Best of Our Best, just 2-3 buy recommendations each week at a tiny fraction of their worth.
These trades trounce the market in both win rate and performance. They also cost less than any other Zacks' service. Small wonder they have become by far our most popular.
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