In accordance with the prediction from last week- another positive week

The prediction data: January 30 2011

The prediction time horizon: 7 trading days from January 30 till February 6.

The prediction includes 5 stocks and indices with the strongest trend signal (Top 5).

In accordance with the prediction from January 30, stocks recorded a solid advance thanks to gains early in the week. A 2.3% rise helped the Dow cross the 12,000 mark for the first time in 2½ years, but gains were even stronger for the Nasdaq and smaller-cap indexes. On Monday, investors put aside worries about political unrest in Egypt and celebrated news that consumer spending in the U.S. had increased substantially in December. Energy stocks were particularly strong thanks to a rise in oil prices to a two-year high. Prices moved sharply higher again on Tuesday, when the Institute for Supply Management announced that its gauge of manufacturing activity had risen in January to its highest level since May 2004. A strong fourth-quarter revenues report from United Parcel Services also suggested the economy was benefiting from heightened business and retail activity. Stocks moved mostly sideways for the remainder of the week as investors appeared unmoved by economic data. Thursday brought good news about factory orders and retail sales data, along with a substantial drop in weekly jobless claims. On Friday, the Labor Department reported that employer payrolls had grown by only 36,000 in January, a fraction of the increase many had expected. Investors may have been comforted by a rise in average hourly earnings, however, along with more encouraging data from the household employment survey.


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