“Look for a drift lower at the open, as investors continue to put taxable profits from 2009’s winners into 2010. That means downside pressure on stocks many investors have been waiting to buy at lower prices - good.
Minor support is DJIA: 10,530, S&P 500: 1136, Nasdaq Comp.: 2295, and Russell 2000: 636. Those can be broken leading to a drop to: DJIA: 10,420; S&P 500: 1120; Nasdaq: 2275, and Russell: 630. What that says is with what we have seen so far this year, the trend is up…”
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About George Brooks:
George Brooks started in the investment business as a stock broker in 1962 and quickly gravitated to the research end of the business, first undertaking his own vast study of fundamental and technical analysis, then taking a position as director of stock market and economic studies for a leading money manager and publisher. In 1973, he formed his own firm to provide daily market timing and stock selections for two regional NYSE member firms, as well as special situation research and written analysis for leading investment advisory publications.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
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