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Thursday, Bloody Thursday
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Trade for Cash
Friday, July 25, 2008 10:20 AM
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Thursday's sell-off put a quick halt to the market's recent bounce. Selling was broad-based, as all major sectors were in the red. Today we get readings on Durable Goods, Consumer Sentiment, and New Home Sales. Not looking for any strong numbers there.
The Trade 4 Cash system looks for good stocks that have been beaten down. Today's buy signal is very typical of the system, as the stock that Trade 4 Cash is buying dropped 37% on Thursday, but is still up 60% over the past 52 weeks. The name of the game is "Buy into other traders' panic." It's not how my grandma invested.
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