Weekly Stock Market Outlook
(9/1/03)
The key thing to watch this week is the S&P 500 and whether it can break out
of its nearly 3 month trading range which has been in the 960-1015 range.
If the S&P 500 can take out the 1015 level accompanied by strong volume then
this could lead to a move up to the 1065 level which is at the S&P 500's
38.2% Retracement Level calculated from the early 2000 high to the October 2002
low.
Over the past few weeks several stocks have been developing a
favorable chart pattern and if the S&P 500 can break out to the upside we
should see many of these stocks do well in the near term.
Click here to signup for a
Trial Membership and have access to our Stocks to Watch List
which includes specific Buy Prices and Target Prices
|
