Premiere Penny Stock Alerts

Researching Penny Stocks

Posted on Tuesday, August 30th, 2011 at 2:35 pm.

Researching penny stocks is more important than anything else when your trading penny stocks.  Penny Stock trading can be quite volatile and having access to penny stock advice and penny stock strategies can make a world of difference in your trading.  Premiere Stock Alerts makes available all these things and more.  Follow them at www.premierestockalerts.com and see for yourself how successful  you can be!

As of 9:32 a.m. ET, the Dow Jones Industrial Average fell 46.7 points, or 0.41%, to 11,487, the S&P 500 slipped 5.9 points, or 0.49%, to 1,203 and the Nasdaq Composite dipped 16.3 points, or 0.64%, to 2,546.

Despite Tuesday’s weakness, the markets have been zipping higher in the last week; indeed the blue chips have soared 6.7% in the last six trading sessions alone as of Monday’s close.  Stocks still have a long way to go to recover from an enormous selloff at the beginning of the month, but the Dow is only 7.6% off its low of the year, and less than 40 points away from breaking even for the year.

There is a heavy flow of economic data set to be released this week, ending with the highly-anticipated monthly employment report due on Friday.  Economists expect the unemployment rate remain stuck above 9%, with the economy adding roughly 93,000 jobs.

The S&P/Case-Shiller home price gauge for 20 major cities fell 0.1% on a seasonally-adjusted basis in June, while economists expected no change in price.  Without seasonal adjustments, prices were up 1.1%, topping forecasts of a gain of 0.6%. A high supply of houses, coupled with still tepid demand and tough lending conditions have weighed heavily on the market for homes during the economic downturn.