Stock Market Correction Over?

After Monday’s 235 point increase on the Dow Jones, many would consider the notion that the recent correction that started on May 11th is over. Well that’s a little too optimistic for us. The impressive gains on Monday was a bit unexpected, in our opinion, we can expect the market to give back the gains later this week. Eventually the stock market will not be able to ignore all the negative economic news. As we have been preaching the last two weeks, the stock market is overbought and will retract. Below are some reasoning behind our opinion.

• Job losses have continued to increase
• Consumer spending is down and Hewlett Packard’s recent report of a 17 percent profit drop, 3 percent sales drop, and to top it off, a 2 percent job layoff
• The housing start numbers are at their lowest since 1956, signs that we are still in the heart of a recession
• Oil prices starting to creep past $60 a barrel

With so many reasons to sell, its an anomaly as to why the market is still up.  We continue our bearish outlook in the overall market.


As always we wish you luck on your investments and as always do your own research prior to purchasing or selling a stock. We make recommendations based on our own research and this site is solely for the purpose of entertainment reading. Thank you for visiting Hot Stocks to Buy

Still Very Bearish on Stock Market

Last week’s stock market trading pattern did not look very healthy for the Bulls. It’s starting to look like the market bulls are happy with their bull run from March 9th and are taking their money off the table for the time being. Who can really blame them, after a blistering two months. As more join in on the profit taking this week, we can expect the stock market to continue it’s retreat in the early part of the week. Unless some staggering news hit the the market, we see no good reasons to be buying any stocks at this time.

As always we wish you luck on your investments and as always do your own research prior to purchasing or selling a stock. We make recommendations based on our own research and this site is solely for the purpose of entertainment reading. Thank you for visiting Hot Stocks to Buy.

Continued Bearish Sentiment

We at Hot Stocks to Buy hold a continued bearish sentiment on the current stock market condition. Thursday’s jobs report showed rising jobless claims. The results showed jobless claims climbed more than expected to a record 6.65 million. With jobless claims on the rise and retail sales data for April showing an unexpected decline, we remain bearish in the current stock market. With such poor numbers, we expect the stock market to eventually realize the economy is a long way from recovery and act accordingly.

Options are set to expire this week so we expect a volatile session. We could see an early morning rise in the overall stock market and then a pullback near the middle to end of the session.


We wish you luck on your investments and as always do your own research prior to purchasing or selling a stock. We make recommendations based on our own research and this site is solely for the purpose of entertainment reading. Thank you for visiting Hot Stocks to Buy.