Back to top

Free: Subscribe to Profit from the Pros

Zacks' Bull Stock of the Day, morning market e-briefing, strategies for picking the best stocks, funds, ETFs, and options plus more.

Join 500,000+ investors in-the-know.

Privacy Policy


View the PFP Archive

Is this Breakout for Real?

On Friday stocks closed above 1800 for the first time. Yet looking back to last week, when we got in this region, investors got scared and we retraced back to 1777.

So it begs the question: Is this breakout for real?

In the plus column is that right now investors are finding few reasons to be bearish. This lack of negativity often creates a natural pull higher for stocks.

In the negative column is that the Market Gods don't like when investors think it's too easy. So quite often just when everyone gets sucked into the breakout mentality the rug gets pulled and we head lower. As they say, the market likes to make as many people look foolish as possible.

Which outcome is more likely? In the short run it's a 50/50 proposition. Yet heading into next year we will certainly head above this level with 2000 a distinct possibility.

Featured Commentaries:

•  Catch Fire With These 'Hunger Games' Stocks

•  Zacks #1 Ranked Growth Mutual Funds

•  How to Take Out Money from an Insurance Policy

•  High-Quality Dividend ETFs for Holiday Season


Steve Reitmeister (aka Reity...pronounced "Righty")

Executive Vice President

Zacks Investment Research

Follow Us:  

Please login to or register to post a comment.


Tradespoon averages almost 30% return PER TRADE

We provide you with DAILY stock, option, and option spread picks with exact entry and exit prices through our institutional trading platform. We'd like to invite you to see our latest trading pick now!

Tradespoon is led by two of the country's foremost trading experts. Tim Biggam, regularly featured on Bloomberg TV and on CNBC, has over 20 years of trading and money management experience and widely considered an expert with proven success in high and low volatility market environments. Vlad Karpel was formerly Head of Technology at OptionsXpress and has spent 15 years building the most-sophisticated trading system on the market.

See Today's Pick Now!

Bull & Bear of the Day

Zacks Rank #1

BitAuto Holdings (BITA)

Your portal to play the world's largest automobile market.


Zacks Rank #5

Chart Industries (GTLS)

The LNG industry is full of dreams and despair, and this vital player may need to fuel growth elsewhere.

Stock Picking Strategies

Using the Price to Cash Flow to Find Value  ››

One Little Secret for Big Results  ››

Q4 Earnings Estimates Coming Down  ››

Funds Commentary

Zacks #1 Ranked Growth Mutual Funds  ››

3 Top Ranked Mid Cap Value ETFs in Focus  ››

UK ETFs in Focus on Positive Outlook  ››

Options Strategies

Winning with Option Volatility  ››

Video Reports

Will There Be a Santa Claus Rally?

With High Valuations, Sector Rotation is Underway.

This Week's Growth & Income Stocks: (AVY) (VTR)

Growth & Income Stock Strategist, Todd Bunton, highlights Avery Dennison (AVY) and Ventas (VTR) on November 21, 2013.

Inside China A-Shares ETFs

The A-Shares market is nearly impossible to access, except with these ETFs.

Earnings HQ

Today's Noteworthy Earnings Before the Bell:   ››  SDRLQIHUNJRNMENTA

Today's Noteworthy Earnings After the Bell:   ››  WDAYNUANCPRTPANWHI

Get the First Calendar Made for Traders.

Visit the Zacks Earnings Calendar

Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
OMNICOMM SYSTEM OMCM Nov 22 +0.02% +12.50%
BAY BANCORP BYBK Nov 22 +0.06% +10.89%
M & F BNCP INC MFBP Nov 22 +0.05% +6.90%
FOOT LOCKER INC FL Nov 22 +0.68% +4.11%
CRAWFORD & CO B CRD.B Nov 22 +0.24% +3.23%

See All »

Best Earnings ESP Stocks  

Company Symbol Consensus
Accurate Est.
Reports Zacks Rank ESP
ALIMENT COU-NEW T.ATD 1.27 1.28 Nov 26 1 +0.79
UTD NATURAL FDS UNFI 0.54 0.56 Dec 3 2 +3.70
ROYAL BK CN-TS T.RY 1.40 1.41 Dec 5 2 +0.71
KROGER CO KR 0.53 0.54 Dec 5 2 +1.89
FIVE BELOW INC FIVE 0.04 0.05 Dec 5 2 +25.00
Don't trade these stocks until you have read the Zacks ESP Guide ?


Today, See Zacks' Top Stocks for Free

Starting now, you can get instant access to the latest picks from our market-beating strategies that produce average gains of +19.1%, +31.1%, +57.8% and +62.3% per year.

Plus, with this program, you can create your own strategies and know how the stocks are likely to perform before you invest in them.

Zacks will also give you a free Special Report, Top 5 Valuation Secrets, which could dramatically change the way you invest.

Learn more now.

Manage Your Newsletter Subscriptions

Update Preferences         Update Your Profile         Unsubscribe All         Feedback         Send to a Friend

This free resource is being sent by 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.

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.

All 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 for information about the performance numbers displayed in this press release.

Zacks Emails

If you would prefer to not receive future profit-producing emails from 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

Zacks Investment Research, Inc.
111 N. Canal St., Suite 1101
Chicago, Illinois 60606