I'm changing the StockPunk Market Meter to neutral tonight. The Fed has whacked this market and not much is making sense. Indicators that I follow are all over the place. But I do think there is finally some opportunity to make some money (at least for a while).
In the next couple of weeks, I'll be detailing changes that I'll be making to the site over the next year.
Here are a couple--
Weekly Stock Screens--
During 2007 I posted stocks that passed my screens on a weekly basis. I did this to allow folks to follow the screens and to show that the screens can produce real returns.
This year I will only post stocks that I come up with on my own. I will still post the returns of some of my favorite screens, but I will not post the actual stocks that show up each week. If you are interested in finding out which stocks qualify, you'll need to use AAII's Stock Investor Pro and/or Zack's Rankings.
StockPunk's Market Meter--
During 2007, I learned a lot about determining the overall direction of the market as a whole. I plan to use StockPunk's Market Meter to allow StockPunk readers to see my opinion on market direction on a daily basis.
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