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Where To Put Your Money When the S&P 500 Bottoms - Part 2

15 October 2008 8 views No Comment

In part 1 of this article,  I discuss how sector rotation plays into investing in market bottoms, and linked to my article discussing when and where the S&P 500 will bottom.

I put together a list of 6 stocks I believe are primed for long term growth, and am revealing 1 per day.

Today’s Pick Is:

Alaska Airlines - ALK

Alaska Airlines has been the most resiliant of the airline industry, and had held up fairly well durning this amazing down turn in the market.

From a technical perspective, AK is showing massive divergence in both the MACD and RSI, as well as having the RSI rising. Any break above the downward trendline should be an excellent long term buy signal.

Alaska Airlines Chart

Alaska Airlines Chart - Click To Enlarge

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