Market Watch with Tom Waitt

July_14th_2010.mp3 Risk? Reward?    Two weeks ago we discussed avoiding the Thundering Herd of negative sentiment which brought equities down 17.1% using the S& P 500. In the last 7 trading days we have had consecutive up day with a 8.8% rally. Apple Inc. (click for larger picture) AT&T Inc (click for larger picture) A month ago (May 26th) we discussed a Fibonacci target of 1008.55 on the S&P 500 the actual low was 1010.91. The market had moved into a buy zone as discussed June 30th, using risk /reward analysis with a 3.35:1 ratio on the S&P. At current levels a tamer level of 1.35:1 risk/reward suggests a more aggressive buy tone below 1071 on the S&P and profit taking above 1154.  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 fil