Market Watch with Tom Waitt

September_29th_2010.mp3 Breaking Out of the Range    Global equities have traded within a 100 point range on the S&P 500 stock index over the last year, with several opportunities to buy at the 1045 level and sell at 1145 taking out 9.5% a number of times. Recent strength suggests a new upward bias.   S&P 500 Index (click for larger picture) As we approach the end of the third quarter fear and bearish forecasts still surround equity markets. It appears the third quarter will show a 10.9% advance from the 2nd quarter of 2010 using the bellwether S&P 500 Index and up 2.5% so far in 2010. However we are still up 7.8% from year ago levels.   There are many opportunities to make money but it requires action on your part, each stock selected must show risk/reward of at least 2:1. Make the call - let me provide you with a unique perspective on your investments through a no-obligation consultation. Contact me by filling out the 'Unique Perspective' form on the Co