Expect Another Downside Correction

It will likely come in early May as the financial crisis is remains fresh and most still don't completely trust the rally.

Author:
Helene Meisler
Publish date:
Apr 24, 2008 8:22 PM EDT

The latest edition of TheStreet.com Top Stocks is now available.

This issue of the newsletter points out that the Fed meets on the same day many notable indicators will converge. Right now, many seem hesitant rather than giddy about this upcoming event, so a correction to the downside in early May is probable. In addition, a look at three charts, updates on previous picks, today's indicator and reader feedback on four names.

Also, please note that due to the large size of this evening's newsletter, you may have trouble opening the file. Please email me at Helene.Meisler@thestreet.com and I will forward the file to you directly. Thank you for your understanding.

Actions & Analysis

MUSA VNM LUV

Let's take stock of the indicators and see what's ahead -- also a look at Cleveland-Cliffs, Southwest and several ETFs.

Actions & Analysis

ZTS PFE COST

We're seeing a turn toward bullishness. Now let's see what happens when the consumer price index lands.

Actions & Analysis

BILL XLY CENX

The exchange is working on a winning streak, so let's see if we get a pattern-changing trend. Also, let's check gold, the overbought forecast and Under Armour.

Actions & Analysis

MOS XME LMT

We learned a few things from Monday's action -- one of them is that resistance still matters. Let's check the market internals, breadth, and ... silver.