Top Stock Picks for the Week Ending May 28th, 2010

Paul Johnson 2010-05-31

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Happy Memorial Day everyone, top stock picks were rebounding last week, despite the volatile market conditions that saw the market rebound Thursday, only to drop again Friday-- on Fitch's downgrade of Spain's credit situation. As I suggested might happen, several leading stocks have broken their downtrends and are headed back up again, with many of them now forming double bottoms-- despite the back that the major market indexes are still mired below their 200-day moving averages. The best buying opportunities form during these periods. That said, this remains a highly news-driven market, so caution is advised. I wish all you vets and actively serving troops a great Memorial Day and God bless!

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