November 19, 2012
Weekly Market Outlook
By Geoff Bysshe
On Friday AAPL was declared a "generational buy" by two well respected traders and hedge fund managers! Is APPL at price we won't see for the duration of our generation? Has its correction from over $700 to the low $500's really been that significant or unusually fortunate for investors with cash on hand?
Completely unrelated to timing your purchase of AAPL (and almost as important) Friday also featured a meeting between the President and our congressional leaders. The press conference that followed had an immediate and positive effect on investor returns as it turned an otherwise sour day around to close near its highs - feat the market has not been able to accomplish on its own for over 7 trading days. But will this reversal be enough to reverse the recent multi-week correction?
This week's video suggests answers to both of these questions and shares some stocks from our Slingshots Setups service that identifies good trading opportunities in these market conditions.
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