The market is continuing to ride the bullish support line with major stock indexes displaying straight gains for the fourth day in a row. Both the Nasdaq composite index and the S&P 500 show an additional 0.2% added at market close today. Double tops are consistently appearing indicating buy signals for point and figure analysis, signaling that now is the time to invest in order to generate quick cash for entrepreneurial investments. What sectors and stocks should you be investing in to accumulate funding is the question.
The following are my top three sector recommendations:
1) Drugs (DRUG)
Stocks within the drug industry provide a high risk investment, but if you play your cards right these investments can result in enormous gains of 50% to 60% in a single day. This is mainly due to conclusions of whether or not the U.S. Food and Drug Administration (FDA) allows a company’s drug to pass through pharmaceutical and prescription regulations.
2) Semiconductors (SEMI)
If you are looking for a less risky investment, the semiconductor sector is currently a favored investment as well. Today’s close ended in an a change in upward trend to 0’s and the bullish percentage remains slightly lower than the drug index. This indicates that it is a good time to buy, especially if the pattern inverts to a column of X’s tomorrow.
3) Internet (INET)
The Internet industry provides yet another promising sector to place one's stocks into. It is currently on a bull correction of 50% but it has yet to hit it’s low, indicating a buy signal. Particularly, F 5 Networks (FFIV) shows some future potential and should be seeing an economic upturn in the near future.
Posted By: Cara Brokaw
Thursday, April 25th 2013 at 12:40AM
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