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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (14713)	9/14/1998 7:34:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Earnings....will move the market when the initial euphoria of a rally wears off. Earnings Velocity: We are know in a position that I anticipated. Once this rally wears off, stocks will rise on their own strength and no longer identifying with market momentum. Good Earnings will move stocks up and more disappointments will catapult others into oblivion. Stocks poised for gain: We still must use our daily watch lists for stocks in a pivotal technical/fundamental position for a move up but alongside those will always be an eye on the companies that will be announcing earnings. Fortunately we now have lots of stocks that have been beaten down, or even just 10-15% off their highs (COST,PAYX,SWY) that will also respond well to a good report. Sector Hopping: We must learn to be flexible and trasverse sectors with our trading. To stay in technology alone will close opportunity for you in software, retail, building supply, furniture,Leisure, pharmaceuticals, medical equipment. CPQ, DELL and AMZN are not the only trading stocks out there. Don't forget ones that 'weathered' the correction: Finding the 'good stocks' that were dragged down in this correction. Lots of good companies were dragged down in the last 6 weeks. Some were only down 10-15% off their highs. They will be the first to rebound and stay up even before some of the severely 'beaten down'.. All you have to do is look at the activity of LGTO, VRTS today for proof... Finding the 'low earners' ..that might have bottomed that are close to earnings and whose prognosis for next fiscal year has improved. These will fly as well. (Note NN, FORE, CAG, even MUEI in the last week or so)