[Eng Sub] Kim Jong Kook 1st Japan Concert in 2009
Credits : Dalin, Xiaoguang, Feixu, soba @KJK baidu forum for Timing and Chinese Translation
English Translation by Dolleen
Stocks around the world are higher as investors hope for a resolution to the situation in Egypt. Oil prices are back below $92 per barrel. Pfizer, Archer-Daniels-Midland, UPS and ********* are rising on strong earnings, but BP shares are falling.
Once again, worries concerning European debt were front and center, driving many top stock picks lower, despite the fact that the major market indexes were actually up for the week. Traders should be alert to stocks that are acting strong during challenging markets, because those will be the first to move a lot higher when better conditions return. Meanwhile, a few proverbial winners like Apple (AAPL) and Baidu (BIDU) and a few others remained strong.
My top stock picks continued to break out out and/or move higher this week. Indeed, G III Apparel (GIII) broke out and blasted almost 25 1/2% on a strong earnings report, while ********* (BIDU) kept moving higher and now is over $71 above my buy point in just 15 days, not to mention Priceline.com (PCLN) which shot $7 above its secondary buy point. Meanwhile, though the market might be a little overbought at this point, there are many leading stocks that are well-positioned to break out soon.
Top stock picks blasted higher most of the week, taking advantage of the favorable headwinds from the major market indexes. Top stocks included Baidu (BIDU), Apple (AAPL), and many others. Traders are still waiting for the S&P 500 to move back above the 1150 area,which would be a positive development. Just be mindful that the Fed meets next week to discuss interest rates and the wording on their policy statement might move the market. Meanwhile, many more leading stocks are setting up to break out providing market conditions continue to be strong.
Despite a challenging week, top stock picks performed well. Two of my hand-picked stock picks broke out and made big gains, while a lot of my other recent picks continued to move higher-- in some cases, substantially higher. Among those stocks breaking were close out retailer Big Lots (BIG) which broke out and made a 6.5% move above my buy point in just 3 days, and airline services outsourcer Atlas Air Worldwide (AAWW), which shot up over 12.5% above my buy point in the same 3 day period. Other recent picks, Like Baidu (BIDU) continued to motor higher, and there remain a number of my stock picks setting up to break out.
With improving market conditions, this week saw at least 8 of my hand-picked stocks break out and many more rebound from lows. The star for the week was Priceline.com (PCLN) which blasted $21 above my buy point on strong earnings and guidance. Last week's top stock pick, Baidu (BIDU), continued to move higher, too. Meanwhile, many more stocks with strong earnings and earnings growth are setting up to break out or move higher.
Even during challenging markets, top stock picks like Chinese search engine Baidu (BIDU) can break out for big moves and blast higher-- especially during earnings season. Here we see it blasting over $36 above my buy point of Wednesday evening. Next week, another stock with strong earnings and earnings growth is scheduled to report earnings.
12/22/09 - TheTechTrader.com - Tonight we'll take a look at the Boxer's Short List. Even though these stocks definitely look negative and are dropping in the face of a rising market there's not much risk being short. Baidu (BIDU) is down $8.57 or 2.1% for the day closing at $398.81. TheTechTrader.com/chartofday - Other stocks on Harry's chart are: ABAX, CTCM, CTCT, CYOU, EBIX, ESE, ESI , FUQI, GT, HXM, LAD, NTES, NUVA, NVEC, POOL, PRGO, PWRD, SAP, SCHN, SIGM, WMS. Distributed by Tubemogul.
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