The stock market opens the new year with a big UP bang. Volume has picked up to the upside throught out the week. A nice thing about the massive upside move this week was Nasdaq and S&P 500 both made the 52-week high this week. Dow-30 is also attacking the 52-week high as well. All lost from December has been made up in four trading days. There is no doubt in my mind that the bull is back with vengance. I have piled up more stocks last Thurday and Friday when I saw the action on the street.
Stocks to be Watched
(GOOG), it gained about $45 (10%) for the week. A very sizeable gain for big cap stock like (GOOG). The main for the up week because there were many upgrades from analysts. They all predicted (GOOG) to head for $550 and higher. It was a added fire after it was considered to be added to the S&P 500 index. This is stock was one of the stock market leaders in 2005.
(RMBS), it was up $7 points to $23 from $16 in the beginning of the week. This stock has many short sellers which caused them to buy back in a frantic way after it won a trial against its competitor, Hynix.
(NWRE), it was up about $4 for the week. It recovered the lost from last month. It was one of the top gainers in 2005. Volume has picked up a lot everyday as compared any other trading days. I believe this a lot of potential in the coming weeks. Institution has purchased this stock when it hit its 10-week moving averages.
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