Blog : Today's Rebound

by Peter Leeds on October 22nd, 2015

 
The markets looked poised for a strong day today, and hopefully these gains will hold, or even extend higher.  
 
A bounce-back is not unexpected after two down days, and that is exactly what we are seeing today.
 
There is pressure on oil prices (and by extension oil stocks) since the most recent concerns for the industry involves the potential for an oil glut.  Basically, there is a build up of so much unused oil that it is increasingly difficult to sell, let alone store.  Prices in any glut will fall.
 
Friday we'll see the employment report, and it will almost certainly show more of the same - lackluster, yet moderate job gains.  The real aspect to watch for is the labour force participation rate.  
 
If fewer people are looking for a job, it can artificially skew the unemployment rate, presenting a stronger picture than the actual reality of the American workforce.
 
We are announcing the winner of the second annual Peter Leeds Stock Trading Scholarship later today, or perhaps tomorrow.  We have received more applications than ever before, and are taking plenty of time to decide on the winning entry. The competition is impressive, and fierce.
 
Now that Joe Biden has made statements that he will not run for President, it seems to narrow the field of potentials down a bit for our Final Four in the Presidential Elimination Pool.  However, keep in mind that he could still be brought on as a Vice-President at a later point, thus putting him back into the mix.
 
Take a moment to check out all the great penny stock articles which About.com has asked us to produce.  Plenty of tips, tactics, opinions, and discussions to be found there.
 
If you haven't seen it already, make sure to watch this highlight reel of some of the accomplishments of Peter Leeds:
 
 
And remember, many of you have likely seen that the overall markets, and by extension the smaller, more speculative shares, have been under some pressure in recent weeks (and months).
 
We believe that much of this weakness will begin to reverse, and it seems to have begun today.  This is partially what we were explaining in our recent article, "Mandatory:  Worst May Be Over for Stocks."
 
Most shares will recover, as the rising tide lifts all boats.  However, the high-quality penny stock companies featured by the Peter Leeds team should be even greater beneficiaries to the rebound.
 

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