Weekend Stock Market Analysis May 03, 2014 [HD]

The market finally closed at all time weekly closing highs on the Dow Jones Industrials, SPX, and the Dow Transports. They need to hold above those levels for the rally to continue.

I added two new buy ideas. MGN [$1.33] is a breakout candidate above $1.36 on it's monthly chart. ZU [$47.35] is a rebound candidate with a stop around the $45 area.

Should the market fail to hold the key weekly breakout levels then I still believe GWPH [$71.47] and HLF [$59.95] are great short candidates.

Otherwise do not short IF the general market remains above the breakout levels since a runaway market tends to carry most stocks higher over time.

I did not cover world markets in this video.