Stocks rallied in the last day of the trading week on positive economic data and a GDP report that was slightly better than expected. This morning, the Commerce Department reported that GDP grew by 1.6% in the second quarter. Investors were worried since the original forecast of 2.4% was reduced to 1.4% earlier in the week. Also released today, the Reuters/University of Michigan index of consumer sentiment was unchanged for August, from a preliminary reading earlier this month. Sentiment rose to 68.9 from 67.8 in July. Today at the annual meeting of central bankers; Chairman Bernanke said the economic recovery is "less vigorous than we expected." The chairman said, "Growth during the past year has been too slow, and joblessness remains too high, financial conditions are generally much improved, but bank credit remains tight." With all of today's news; stocks rallied triple digits. The Dow was up over 160 points with just a half hour left in the trading session. Commodity prices rose as the dollar fell against the euro and the pound.

Free Daily Stock Picks activity and results for August 27, 2010:

NZ-PM - 3rd Target Level hit for a gain of 0.89 points
DLLR - 3rd Target Level hit for a gain of 0.89 points
ARST-PM - 3rd Target Level hit for a gain of 1.51 points
JCG - 2nd Target Level hit for a gain of 0.95 points

Total: 4 positions; +4.24 points; +$424 (based on 100 shares)

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Stocks Day Trading Picks results:
Total: 11 positions; +7.71 points; +$771 (based on 100 shares)

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Forex Day Trading Picks results:
Total: 4 positions; +$94.13 (based on 1 contract)

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Futures Day Trading Picks results:
Total: 8 positions; +$1340 (based on 1 standard lot)

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