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Bernanke: Markets beginning to understand our message
Source: http://www.cnbc.com/id/100890341

Adam Sarhan Reuters Quote: US STOCKS-Wall Street flat after data
US STOCKS-Wall Street flat after data 6.4.14 * ISM services report strong, but ADP report weak * Many investors worry about low volume and volatility * Protective Life jumps, Dai-ichi to buy * NQ Mobile has biggest gain ever, up 28 pct * Dow down 0.2 pct, S&P down 0.1 pct, Nasdaq up 0.1 pct (Updates to open, adds ISM data)…

Adam Sarhan Reuters Gold Quote
“Once the 50-day average is broken on a weekly basis, it a first sign of weakness and that the trend may be changing,” said Adam Sarhan at Sarhan Capital.

Market Not Following Through, But Falling Through
As we know, the major averages topped out in October 2007 and then proceeded to precipitously plunge until they put in a near-term bottom in early March 2009. Since then, the market snapped back and enjoyed hefty gains which helped send the major averages to one of their strongest 15-month rallies in history. The small cap Russell 2000 Index was the standout winner, surging a whopping +117%. The tech-heavy Nasdaq Composite is a close second, having vaulted +100%, before reaching its interim high of 2,535 on April 26, 2010. The benchmark S&P 500 Index raced +83% higher before hitting its near term high of 1,219 on April 26, 2010, and the Dow Jones Industrial Average soared +74% before printing its near-term high of 11,258 on April 26, 2010. This data indicates that Monday, April 26, 2010 appeared to be a very important day for the market because that is the day that most of the popular averages printed their near-term highs and negatively reversed by closing lower from new high territory.
In addition, after such hefty moves, a 10-15% pullback, if the indices can prove resilient enough to hold their ground near current levels, would be quite normal before the bulls return and send this market higher. However, if the 2010 lows are further breached, then odds will favor that even lower prices will follow. Furthermore, the downward sloping 50 DMA line is on track to undercut the longer term 200 DMA line which is not a healthy sign. Recall we are now waiting for a new follow-through day (FTD) to emerge before the window opens to proactively begin buying high quality breakouts meeting the investment system guidelines again. Trade accordingly. Never argue with the tape, and always keep your losses small.

Q3 Commentary: Best September Since 1939!
September 2010 Market Commentary The major market indexes scored a sound follow-through day (FTD) on September 1, 2010 and spent the rest of the month racing higher. This corresponded with a steep sell off in the US dollar and a robust rally in many well-known commodities. The benchmark S&P 500 index and the Dow Jones Industrial…

Feedback- Your Opinion Matters
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