Major averages fell Friday on lower, below average volume with both the S&P 500 and DJIA closing once again below their respective 50-day moving averages. The Federal Reserve is schedule to meet this week with its policy statement due at 2 p.m. EDT Wednesday. Futures are down at the time of this writing due to rising default fears in Greece.
This prolonged sideways market action is frustrating to investors as some quality market commentators have written such sentiments such as:
"This means it's an undecided market where those who play in it will get whipsawed to death. That's the type of market we like to avoid, and with our unique style of analysis we can avoid with confidence, knowing it will all come back in due course."
And they are correct. It has been a QE-laden minefield of a market. Market timing has been at its most challenging.
Fortunately, profitable opportunities for our members continues in a variety of stocks. Indeed, the parade of actionable stocks continues as Friday had additional opportunities in three leading stocks.
Note, SUPN's pocket pivot which we notified members of on 5/29 was up +12.3% on Friday in intraday trading. At this time, we notified members for instructional purposes that some profits can be taken here as this is a "bird in the hand is worth two in the bush" market. SUPN's peak performance for the day was +12.9% from the prior day's closing price, and it finished up +11.5%.
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