Stock Preacher

HK shares rally for 5th month, up 3% on week. Both markets recorded another month of hefty gains in July, the seventh successive monthly gain for Shanghai and the fifth winning month for Hong Kong, fuelled by positive earnings momentum and analyst upgrades. In the absence of a major disappointment in US economic data due next week, or in corporate earnings that will continue to trickle in through August, analysts expect the stock markets to continue their upward trajectory. China’s 4 trillion yuan (US$585.5B ) stimulus package, unprecedented lending growth and stabilising economy have helped to propel a more than doubling of the Shanghai index from last October’s two-year low and fuelled a 43 % surge in Hong Kong shares

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On April 14, 2009, we put out a recommendation to all of our subscribers about a nice little Company we found by the name of Candela Corporation. Immediately after our Email to our members, the stock shot up from the open price ($0.66) to an Intra-Day High of $1.59 (An AMAZING potential profit margin of 141%!)

Needless to say, that day the stock closed up at $0.9199 (+39.4 for the day) and we received a TON of emails from all of our subscribers thanking us for the great day they had in the market.

CLZR is still WAY WAY up from our initial pick price of $0.66, infact, today CLZR is having a VERY NICE rally currently up 30.68% on the day at a price of $1.15!

Had you been a StockPreacher member, you would have been notified at $0.66 and had MANY MANY opportunities between now and then to make some SERIOUS gains.

We’re still up 74% on Candela Corporation!

Sign up today, it’s FREE, INFORMATIVE, and most importantly, LUCRATIVE!

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After getting crushed since September the US indices were up with good and respectable gains last week, bringing up the question if the recent upturn marks the early signs of a market recovery or on the other hand, represents a consolidation before the next leg lower. Time will tell us. You must remember that when measuring the upturn’s credibility, the following is a checklist (the technical wish list) for the signals.

Several, if not all, of the following events must occur:

1. A strong-volume rally that is not driven by government intervention.

2. The emergence of sector leadership.

3. Breadth: One, preferably two, 20-to-1 up days to neutralize last October’s breakdown.

4. A slowing in the volatility to digest the market extreme activities of 2008.

5. From the Sentiment POV we need for analysts, pundits, and talking heads to stop telling the audience how great this buying opportunity is.

6. A strong volume break above intermediate overhead resistance.

Until all of the above are in place another sharp move South is a risk, and therefore capital preservation is your principal objective when it comes to the DJIA, S&P 500, and the NAS. Now the Small Caps, Mini’s and Micros are a different picture, as they are traditionally the leaders.

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