Late trade on Friday surge the Wall Street market

November 17, 2007

After a significant volatile week the Wall Street end-up in positive territory! thanks to surge in late day trade on Friday giving a sense of relief to stock investors as well as stock trader, however it will be too early to say from stock investing point of view, is this a perfect buy opportunity in stocks from long term investment perspective but according to me there are few stocks which are showing strong momentum and which could be a strong buy signal from medium as well as long term stock investing as well as stock trading perspective such as

Agilent Technologies Inc. as company is going to buyback $2 billion in stock which shows a strong faith of management in the stock, which is very good for value investor from stock investing point of view.

Salesforce.com Inc. which showed a higher subscription and support revenue growth and there is strong possibility at least this growth will continue in next coming quarters.

The Dow Jones industrial average rose 0.51% or 66.74 to 13,176.79. Broader stock indicators also recovered. The Nasdaq composite index rose 18.73, or 0.72% to 2,637.24. The Standard & Poor's 500 index rose 7.59, or 0.52% to 1,458.74.

Looking from the short term to mid term Wall Street market perspective, it shows that market is trading in zone of 13k to 14k not giving a clear breakout either in downward direction or in upward direction. As long as 13k strong support to Dow Jones is intact there is not too much of worry. At this point I will not be having any fear entering in the market for stock trading with short term and mid term intention.