Market Outlook: 02-20-08

Robert Hsu, February 20, 2008

Stock markets around the world continue to bounce around within tight trading ranges. Here at home, the S&P 500 continues to trade in a 10% range between 1270 and 1400. The index ended today's trading session at roughly 1360, which is somewhere near the middle of our expected range.

Instead of letting the recent volatility hurt your portfolio, you want to use this volatility to your advantage and let the market come to you. The best strategy for this type of market is to be patient and wait for the market to move to the outer boundaries of its trading range. At the bottom of the range, you want to be a buyer, and near the top of the range, you want to sell. Want more details and my top picks for profits? Become an Asia Edge subscriber!

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