Markets are now in their Santa phase. Expect rallies with brief interruptions for consolidation or p...
Coolcat's Royal Pick
09/18/2002 12:00 am EST
The Coolcat Explosive Small Cap Growth Stock Report is the top performing newsletter for the past year, according to the Hulbert Financial Digest. Kevin Kennedy uses several unique momentum-based stock screens to unearth stocks with the best potential for large gains.
Kevin Kennedy says, “Both the Nasdaq and Wilshire Micro Cap Index fell for the third consecutive week and remained in DON'T BUY mode, although the losses were small. Comments from Fed Chairman Alan Greenspan and President Bush have spooked the markets. Look for more tough talk on Iraq. More important will be the continuation of earnings warnings season and the developing September-October window, which has generally been weak and the setting for many past market meltdowns. In other words, be careful out there.
Our low priced momentum screen seeks stocks trading below $15 a share, which also show relative strength of 99 (which means the stock is outperforming 99 out of 100 issues). Our strategy is to buy stocks showing strong momentum, suggesting strong continued gains. The latest stock to achieve this criteria is Royal Gold (
In his trading portfolio, Kennedy is seeking to buy Royal Gold on a pullback. He currently has an open order to buy shares below $16.50.
At worst the tax cuts will validate current market valuations, says Tom Essaye. At best they’l...
Political news is back driving markets at least until the FOMC today and ECB Thursday. Markets are w...