As predicted, the market rallied on Friday after falling down to 9918 to 10198 which is 280 point. IRE was up 10% from the opening price, AIB up by 20%, LYG up by 10% and FAS up by 17%.
Right now i still favour FAS over FAZ. It is easy to predict the direction of the market, check the prices of GS, BAC, and C and if all the three are in positive, FAS is expected to be in positive. So if FAS is positive then FAZ will be negative and vice versa. If the market is up, then go with FAS and if the market is down go with FAZ.
The confidence is not fully back with the investor even though the Dow jones recovered 280 point. This week i expect the market to rally again on Friday but Monday would be key day for the direction of the market. I expect it to open higher and maintain in the positive territory. There are so many stocks which is down and back to bottom. Pick up any of them, most of the stocks are down by 25-60% down from last week.
Even though i like selling off my position at the end of day, I don't mind holding position in FEED, YRCW BIEL for long term at current price. The other stock which is at 52 week low are RMIX (beware its already filed bankruptcy), BCON, NVGN.
ODSY, HMIX, SNTA, GOOG are other stocks to watch out today.
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