Yahoo! (YHOO) traded higher on Friday as the Internet stocks continue to show strength. Today’s high of $14.93 is resistance for Monday’s continuation move. If the stock can break through this level we should see strong volume as traders buy the stock. I’ll will watch YHOO closely on Monday.
By Hawkinvest:After a major market correction in recent months, there is a lot of opportunity to buy stock in solid companies, at great prices for most long-term investors. The volatility is great for traders who are able to watch the markets constantly and buy or sell quickly. However, some of the most successful and richest investors of all time are the buy and hold types.
By Scott's Investments:Equity markets had a rough week this past week with SPY (SPDR S&P 500 ETF) closing the week down 6.77%. Last week we had 15 stocks to watch, which was on the heels of an outstanding week for equity markets.