So where do we stand ?

Dow has flirted with the 10,000 and no doubt it will break it if results coming are good and if FORECAST revenues are on the rise. There is no way market will climb again if expected 4th quarter revenues are revised lower. Companies have made it ok so far but most of them from cuts in spending. Now is time for growth.

I expect banks to be better than expected especially the big one like Wells Fargo (WFC:NYSE)and some surprises in manufacturing goods. Later this week we will see manufacturing capacity % and i expect a rise signaling some growth in that area. This is the base for any major recovery for the next 2 quarters.

On metals, prices are increasing and this tells me there is more demand for basic stuff. This is another good signal for the coming months.

So this week is a crucial one for market trend as we are exiting the market correction from the last 2 weeks ( almost 6% as expected in the last 10 trading days when considering intraday)

On all companies that i have under the radar, TVI (TSE) is at the moment the one that i suspect is ready for good increase. Their revenus will be around 150% of what they were in the last quarter and projections will be higher than originally thought. I wouldl not be surprise to see their share price goes as high as 0,20 cents after their results are published around november 13th to 16th. They will probably announce also that they have refinanced their debt reducing their interest expenses and those 2 factors combined will boost that company a lot. If they reach 0,20 cents on nov 16th, this would represents a 300% return in 1 month. Not bad...

This is time to accumulate and i think it's a good deal at 0,065. Put your bids and be patient. Many are still willing to sell at that price as they probably bought this one at about 0,03 when everything looked bad for them. Remember that this is pure speculation DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOOSE. Even 2500$ will get you 40,000 shares...

For all other companies it's a wait and see game. Do not forget to put your stop losses just in case it turns sour...

Good week and watch for trend alerts.