Hello Europe, Life Goes On

"In three words I can sum up everything I've learned about life: it goes on."

How true that quote is! It comes from prize winning Pulitzer poet, Robert Frost.

I think the same can be said about markets and countries: they go on.

This morning, there is hope that something can be hammered out with Greece before the week is out. I am not sure how many weeks we have been looking for a resolution to this European drama, I've just lost count. It is time for the Greeks to make a deal and for life to go on.

Let's put that all aside today and look at six stocks that I talked about last week. All six of these stocks ended up in the plus column for the week. Continue reading "Hello Europe, Life Goes On"

Can An Old Chinese Custom Save Greece?

It seems like this weekend is crunch time for Greece and the EU. At first I thought it was inevitable that Greece would exit the euro... Now I'm not so sure and it all has to do with Face.

In Chinese culture, nothing is quite as important as the concept of Face. Face represents a person's reputation and feelings of prestige within multiple social circles, including the workplace, family, friends, and society. This perhaps is the one of the most difficult concepts for most Western societies to understand.

Gaining and losing Face is serious business and could be why the EU and Greece may resort to a Face-saving solution. Greece will get what it needs (53 to 55 billion dollars) and the EU saves Face by keeping Greece in the euro zone.

So in my opinion, the whole EU deal rests on Face and not on billions of dollars. We should see this tragic, comedy of errors play out this weekend and be settled. Certainly the markets would like that to be the case.

Just talks of a solution was enough to rally the markets overnight and going into the weekend it's going to be very important to see where these markets close. Continue reading "Can An Old Chinese Custom Save Greece?"

Bingo, Stocks in the "Buy Zone"

What's with these crazy markets? For the past several months, the stock indexes have been moving sideways without any clear trend. This has proven to be very frustrating for many traders. However, there are many markets that are trending right now that can be traded profitably.

Have you looked at the bank stocks lately? Almost all of the financial stocks are moving higher and have been for quite some time. Stocks like: Continue reading "Bingo, Stocks in the "Buy Zone""

Are These Stocks Right For You?

Yesterday, I mentioned that I thought the lows seen in most of the major indices would be interim lows and I expected to see a bounce from those lows.

Today, we are seeing that bounce and I have three stocks that I believe you should be looking at, and perhaps buying, if they meet your risk profile.

I will show you why you should be buying these stocks and the exact rules I'm following to buy them. You will be able to mimic these same rules using the tools available to you as a MarketClub member.

The three stocks I'm looking at are: Continue reading "Are These Stocks Right For You?"

7 Stocks That Are Set To Rip

Today I'm going to be looking at seven stocks that are very close to making a breakout and move to the upside.

As this is a shortened week with no trading on Monday, you will want to pay particular attention to how these stocks close this Friday. All of the stocks are well-known and are setting themselves up for continuation moves.

The seven stocks I will be looking at are: Continue reading "7 Stocks That Are Set To Rip"