Dear Big,
The Dow Jones was unable to break above 10,600 and the fact
that volume remained low on Tuesday shows that investors
are not ready to take the market higher at this particular
time. We are expecting the Dow to hold support at 10,400 in
the near-term.
Congrats to all the traders who took advantage of PCBC. The
stock made some amazing gains on Tuesday. However the $1.40
area represents a strong resistance point, so we think this
stock could be hit with some strong selling pressure in the
near-term.
ABK has also been a very profitable trade for our members.
On Tuesday the stock rallied to a high of $1.03. We could
see some selling pressure in the next few days as
short-term investors take their profits but look for
support at $0.85 and $0.80.
You can read our full pre-market analysis at:
http://www.hypergrowthstock.com/2010/07/27/pre-market-analysis-for-wednesday-july-28
Have a Great Trading Day,
Your Hyper Growth Stock Team
******************
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