Bernanke: Markets beginning to understand our message
Source: http://www.cnbc.com/id/100890341
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July 4th Special! Sign Up To Our Find Leading Stocks Report Today For Only 17/Week And Get 6-MONTHS FREE! ($600 Value!) – Sign Up Here WHAT WE DO: Help You Buy And Own Leading Stocks…Early WHY WE DO IT: Information Is The Most Valuable Commodity On The Planet. Big Institutions Pay Millions Of Dollars…
Resistance Should Become Support
Market Outlook- Confirmed Rally:
The major U.S. averages are back in a new confirmed rally and broke above resistance of their 6-week base. The benchmark S&P 500 index scored a proper FTD on Tuesday, October 18, 2011, i.e. Day 12, when it rallied over 2% on heavier volume than the prior session. The next important area of resistance is its longer term 200 DMA line. In addition, it is important to note that the bulls scored a victory since many of the major averages closed above their downward sloping 50 DMA lines for the first time since late July! Our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. If you are looking for specific help navigating this market, please contact us for more information.
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