Stockpickr) -- As Monday's trading kicks off this morning, investors should be expecting a fairly muted week for Mr. Market. We've been on the receiving end of "investor overload" for the last several months, so a quiet week isn't necessarily a bad thing -- especially since the market is still in "correction mode" this week.
If there's a single word that best describes the rally we've been in since the start of June, it's "orderly." Stocks have bounced upward in a well-defined channel for those last three months, giving investors and traders a predictable range that the
S&P 500 is likely to stay stuck in.
Now the S&P is cooling off a bit from the top of the channel, but not for long.
>>5 Stocks Poised for Breakouts
The S&P is nearly halfway back down to support today, a signal that buying is likely to pick up again soon if this channel stays in force. And with August drawing to a close this week, that's potentially a very good thing. Historically, the fall months are significantly stronger for equity investors than the summer is, so we'll have the extra oomph of seasonality helping to push stock prices higher in September and beyond.
That's reason enough to start looking at a new set of Rocket Stocks worth buying this week.
For the uninitiated, "Rocket Stocks" are our list of companies with short-term gain catalysts and longer-term growth potential. To find them, I run a weekly quantitative screen that seeks out stocks with a combination of analyst upgrades and positive earnings surprises to identify rising analyst expectations, a bullish signal for stocks in any market. After all, where analysts' expectations are increasing, institutional cash often follows.
>>5 Stocks Under $10 Set to Soar
In the last 165weeks, our weekly list of five plays has outperformed the S&P 500 by 77.73%.
Without further ado, here's a look at
this week's Rocket Stocks