Weekend Sleuth: We Called It -- The S&P Breaks Higher

The Penny Sleuth Features: Penny Stocks, Options and High-Growth Opportunities! Weekend Sleuth: We Called It – The S&P Breaks Higher By Jonas Elmerraji November 6, 2010 Last Saturday, the outlook was simple: investors are anxious, economic data’s on the horizon, and the S&P 500 (a proxy for the broad market) looks primed to make a move higher. Sure enough, that’s exactly what happened last week. The S&P broke above the 200-week moving average, a level that had previously acted as a sort of price ceiling on stocks. Not coincidentally, the move also marked a break to new 52-week highs for stocks, one that should quell at least some of the investor angst that’s been a lightening rod for volatility in the last few trading days. We’ll want to see stocks consolidate for the next few days to form a base, bleed off “overbought” momentum, and protect against a downward correction. Obviously, my team and I will be watching the market closely next week. If things play out as expected, November could be a good time to buy penny stocks… 6 Penny Stocks to Own Right Now… Penny Stock Fortunes is giving away SIX penny stock recommendations to all new subscribers! But you must hurry because these plays could explode at any time. Click here to watch the presentation now. How You Can Make Money on New Developments Last week the Penny Sleuth featured how your can make money on new developments in rare earths and nanotechnology… and a whole lot more. Here’s a recap of last week’s investment insights… How Not to Get Spooked By Stock Charts — On Monday Greg Guenthner wrote about how to use technical analysis to predict market trends with penny stocks. How the Fed Playing with Matches Can Affect Your Investments — Dan Amos wrote about how the Fed’s quantitative easing can affect your future investments. How to Play the Scramble for the Rare Earths — On Wednesday Chris Mayer discussed how you could profit from new developments in rare earths. Thinking Small Will Lead You to Big Profits — Joining us on Thursday, Ray Blanco discussed exciting new developments in nanotechnology provide exciting new investment opportunities. Invest When There’s Blood in the Streets — Byron King weighed in on how blood in the streets could make for serious gains among shallow offshore drillers. Comment or question about an article? Just click on any article’s title above and join the conversation by leaving a comment... We’ll be back on next week with more thrilling insights on the on today’s market climate… Until then, please send me any editorial comments or suggestions at editor@pennysleuth.com. Have a good weekend, Jonas Elmerraji Managing Editor, Penny Sleuth P.S.: Pharmaceutical stocks are some of the most exciting plays on the market – with huge news-driven rallies and potentially game changing FDA announcements all the time, it’s no surprise this is an area that investors get excited about. Now, our technology expert has released a new report on a tiny company whose drug has shocking potential. To watch his entire presentation free, just click here. Hurry though, it gets removed from our severs on Thursday, November 11. The Secret $200 Retirement Blueprint Investing in Penny Stocks What Is Technical Trading Follow the Penny Sleuth on Twitter, here. Become a Facebook Fan of The Penny Sleuth, here. The Penny Sleuth, a free e-letter, offers independent news and commentary on small cap stocks, options and high growth opportunities. We sent this e-mail to KNUMASSCN@gmail.com because you or someone using your e-mail address subscribed to this service. Are you having trouble receiving your Penny Sleuth? You can ensure its arrival in your mailbox by: Whitelisting Penny Sleuth. To end your Penny Sleuth e-mail subscription, click: Unsubscribe. 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