Weekend Sleuth: Where the Market's Headed and Another 23% Gainer This Week

The Penny Sleuth Features: Penny Stocks, Options and High-Growth Opportunities! Weekend Sleuth: Where the Market’s Headed and Another 23% Gainer This Week By Jonas Elmerraji October 31, 2009 As we approached this Halloween weekend, all the ghosts and goblins seemed to be focusing on scaring the stock market. In the last five trading days, the S&P 500 lost nearly 3% as the index gave investors the most consecutive down days in months. And while the big stocks slipped in price, small-caps took an even harder hit. There’s been quite a bit of concern that the post-March dead-cat bounce has come to an end, and now it’s time to watch the markets tumble just like they did this time last year. But some interesting news this week suggests that things aren’t quite as bad as they might seem. On Thursday, the country got a glimpse of the quarter’s GDP numbers. The economic growth was enough to break the market’s cold streak and push stocks up an average of 2.25%. But what most investors weren’t aware of was the fact that the news came precisely as the market intersected with its 50-day moving average — a key support level that stocks have bounced off of several times already this year. Despite a return to the red on Friday, that strongly suggests that we could be in for another bounce to higher ground in the next month. ****************************** What if You Made 52% in FOREX Profits Every Three Days? You do no work. You never study a chart. But you could rake in fast, repeatable Forex profits starting with your very first trade. Just let me show you how it works… ****************************** Making the Right Watchlist Bets The short play on last week’s Monday Penny Stock Watchlist was able to capitalize on the down market last week, delivering 23% gains for those who bet against the stock. Readers delivered another slew of higher-risk penny stock picks for the chance to win a special edition DVD of I.O.U.S.A., but we’ll have to wait until Monday’s new watchlist runs to spill the beans on last week’s winners… Don’t miss Monday’s upcoming Watchlist for even more of the best actionable small-cap investing ideas — and another shot at putting your penny stock picking skills to work… Profit from Power Usage and a Look at Nuclear Fusion Plays Last week, the Penny Sleuth brought you utility stock insights from Lifetime Income Report’s Jim Nelson, a look why Greg Guenthner sees huge growth opportunities from Coinstar, and the name of a company that could be on the verge of bringing nuclear fusion technologies to market. Here’s a rundown: Monday Penny Stock Watchlist — Last week’s Watchlist brought you another five stocks to keep your eyes on for a shot at some pretty decent returns, as well as more chances to put your penny picking skills to work. Get Paid When Your Neighbor Turns on His Lights — Jim Nelson delivered three utility stocks that offer serious dividend action for your portfolio. Learn to Profit By Buying Stocks at Support — Technical analyst David Grandey filled readers in on how to increase your profit potential buy buying stocks at key support levels. Profit from the Rise of the Machines — As the economy continues to stagnate, Bulletin Board Elite’s Greg Guenthner offers up research to back Coinstar’s stellar growth. Only Two Years to Practical Nuclear Fusion? — Breakthrough Technology Alert’s Patrick Cox on why the early investors in this nuclear fusion company could become billionaires when their products get commercialized. Comment or question about an article? Just click on any article’s title above and join the conversation by leaving a comment… We’ll be back on Monday with a brand new Penny Stock Watchlist — and yet another chance for you to put your stock picking skills to work for a special Penny Sleuth Prize Package! Until then, feel free to send any editorial comments or suggestions to editor@pennysleuth.com. Happy Halloween, Jonas Elmerraji Managing Editor, Penny Sleuth Learn How You Could Turn $200 Into $1.2 Million! How One Pink Stock Gained 113% in Less Than Two Months Investing in Penny Stocks What Is Technical Trading Investing in the Over the Counter Bulletin Board (OTCBB) Follow the Penny Sleuth on Twitter, here. The Penny Sleuth, a free e-letter, offers independent news and commentary on small cap stocks, options and high growth opportunities. We sent this e-mail to runmir.ideainvest@blogger.com because you or someone using your e-mail address subscribed to this service. Are you having trouble receiving your Penny Sleuth? 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