The Dow up more than 100 points prior to the FOMC announcement. What's going on?
Topping today headline was news that General Motors Corp (GM), a Dow component, reported a narrower-than-expected quarterly loss and said overseas sales helped to alleviate weakness in the U.S. market. Its shares rose more than 12%, their biggest one-day advance since May 2005. Just so that you know, initially profiled in April 07 "Swing Trader Bulletin", GM has gained about 13% and remains well positioned.
As we've noted in the previous Market Outlook, smart money continues to rotate into tech stocks. This, in fact, was exactly what the members of our "Swing Trader Bulletin" been doing in the past couple of weeks. Yes, we're always early though it's better to be early than sorry! Initially profiled on March 12, Google Inc (GOOG) gained more than 32%.
Initially profiled on March 10, Ariba Inc (ARBA) gained more than 33%.
Initially profiled on April 1, Amdocs Ltd (DOX) gains about 12% and remains well position.
Retails and medical instruments stocks are also doing very well. Initially profiled in April 15 "Swing Trader Bulletin", Big Lots Inc (BIG) has gained more than 25% and remains well positioned.
And so BDX. Initially profiled in April 21, Becton Dickinson & Co (BDX) advances for 6 straight days and remains well positioned.
These are just couples of many successful trades that our member had enjoyed recently. After all, aren't you glad you subscribed?
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