Stock Market - Stock Market Trends: Index Fireworks For The Week

For whatever the reason, the indexes like heading up during holiday shortened trading weeks. As we head into the July 4th weekend, we have a holiday shortened week. So we expect the indexes will finish higher by Thursday afternoon’s final bell.

All our indicators are pointing in that direction too as we saw our momentum score gain some strength late in the week. Our trend analysis saw the NASDAQ, S&P 500 and the Dow Jones Industrials all break sharply higher off of support levels. Finally, our market leadership model finds itself in bull territory for the 6th straight week.

Add in the NASDAQ’s off the chart volume on Friday, and we have reasons to be hopeful that this will be a money making week. The index traded 3.6 billion shares on an up day as it bounced off support. This should provide for strong level of support in the 1875 range. Unfortunately, the S&P 500 and the Dow Jones didn’t join the NASDAQ’s volume party.

Investors might wish to consider a NASDAQ based ETF like PowerShares QQQ (QQQQ) of for double the fun Ultra QQQ ProShares (QLD) as a potential way to profit if we have made <font>The Correct Call </font>.

Speaking of profits, readers of the Correct Call Calendar that took advantage of one of last week’s Stock of the Week picks, NovaMed Inc. (NOVA), made out like bandits. NOVA was <font>UP</font> 22.5% in a week. NOVA wasn’t the only stellar performer for our readers. The Correct Call Calendar users saw ISTA move <font>UP</font> 23.7% since June 17th and last week’s Trading Earnings picks CRMT & APOG made 18% and 11.6% respectively after reporting earnings last week.

Don’t miss out on what makes the Correct Call Calendar this week.