Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

Two Picks to Buy on a Dip

Published by Forbes on Mon, 09 Feb 2015


The weekly technical studies improved last week as the new high in the weekly NYSE A/D line continues to support a bullish outlook for the stock market. It shows no signs of a serious correction. The slight pullback last Friday in the major averages suggests that the rally may have stalled for the short-term. The S&P futures formed a doji Friday suggesting indecision and the futures are currently trading below Friday's low.The weekly volume analysis has improved but needs a strong close this week to move firmly back into the buy mode. The Spyder Trust (SPY) and the small-cap iShares Russell 2000 (IWM) were both able to breakout above their previous swing highs. The small-caps led as the IWM gained 3.5% last week versus a 3% gain in the SPY.A review of the key sectors as well as the weekly/monthly OBV and RS scan identified several stocks that look positive on all time frames. One of last month's favorite health care picks, Hospira Inc. (HSP), also had a bullish and weekly technical outlook. It received a buyout offer from Pfizer Inc. (PFE) last week and was up over 35% on Friday.The Sector Select Consumer Discretionary (XLY) was up 4.2% last week and it has reasserted itself as a market leader as shown by both the weekly and daily technical studies. Several stocks in this sector also showed up in my weekly scans and there is one that looks particularly attractive on a pullback to support.
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs