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The Good, The Bad, and The Lovely; Week Ending 08.30.13
The Lovely: Stocks are getting weaker, not stronger. The Good: 1. Leading stocks are acting well 2. The Dallas Fed manufacturing survey rose to 5.0 which beat the Street’s forecast for 4.5 3. Case for the Fed to taper in September has weakened 4. The Richmond Fed Manufacturing index, which measures manufacturing activity in region, jumped to 14, easily beating estimates…
Good & Bad For The Week
Good: Initial jobless claims plunged to 255k, easily beating estimates for 279k and hit the lowest level in decades Leading Indicators rose by +0.6% in June, beating estimates for +0.2% gain The Manufacturing PMI Flash index rose to 53.8, beating estimates for 53.7 The Chicago Fed National Activity Index rose to 0.08, beating estimates for…
DJIA, Nasdaq Composite, & S&P 500 Are All Above Resistance
As of 2:45pm EST on Thursday, July 22, 2010 all the major averages are trading above their respective two month downward trendlines and their 50 DMA lines. However, it is a bit disconcerting to see volume recede as the market moves higher. This is the exact opposite of what one would like to see when the major averages rally above resistance. It is also important to note that the major averages are rallying up to an area where they encountered resistance several times in recent weeks and they are still below their longer term 200 DMA lines. That said, we can not argue with the tape and the bulls deserve the bullish benefit of the doubt until this “breakout” is negated. Trade accordingly.
16 Listening Questions
16 Listening Questions
WSJ: Tech Startups Play Numbers Game
Critics say the practice is inflating some companies’ valuations By TELIS DEMOS, SHIRA OVIDE and SUSAN PULLIAM Updated June 9, 2015 10:41 p.m. ET Hortonworks Inc. Chief Executive Rob Bearden forecast in March 2014 that the software firm would have a “strong $100 million run rate” by year-end. But the number looked a lot smaller…
How To Catch Monster Stocks? Get In Early…
The Following Is An Except From A FindLeadingStocks.com Special Report New IPO’s People often ask me how to find and own leading stocks? One of my of my tools is to constantly look for new merchandise. History shows us that some of the greatest rallies in Wall Street history occur in the first few years…