Another Positive Week On Wall Street

Friday, February 08, 2013 Stock Market Commentary: The major averages are strong and the fact that they simply refuse to pullback illustrates their strength. From my point of view, the primary two catalysts that sent stocks higher in recent months are: The Global Stability Put (GSP, the latest buzz word from Davos) and a stronger…
Stocks End Week Flat As Earnings Season Begins Stocks opened the week on a positive note but ended relatively flat as investors continue to digest a slew of earnings. So far, most of the companies that have reported earnings have beat on both the top and bottom line which is an encouraging sign. It is…
Wednesday, April 18, 2012 Stock Market Commentary: Stocks and other risk assets were mostly lower on Wednesday as investors digested Tuesday’s strong move and the latest round of mixed earnings data. As earnings continue to be released in droves, it is paramount that we not only pay attention to the actual numbers but how the…
Market Action- Market In A Correction; 28-Week Rally Ends
All the major averages sliced below their respective 50 DMA lines on Thursday, March 10, 2011. Thursday, March 17, 2011 marked day 1 of a new rally attempt which means that the earliest a possible follow-through day (FTD) could emerge would be Tuesday, as long as Thursday’s lows are not breached. However, if Thursday’s lows are breached, then the day count will be reset and odds will favor lower prices, not higher, will follow. It is important to note that the recent ominous action reiterates the importance of raising cash and playing strong defense until a new FTD emerges. If you are looking for specific help navigating this market, please contact us for more information.
Don’t Miss Out!
Have You Seen How Our New Site Can Help You!
Visit: www.SarhanCapital.com Today!
Friday, January 25, 2013 Stock Market Commentary: First, let me begin by restating my thesis since November 16, 2012 – Stocks are strong. The next point that needs to be addressed is that stocks are very extended in the short term and a light volume pullback would do wonders to restore the health of this…
Nuclear Tensions Send Stocks Lower – From Overbought Conditions The market fell from extremely overbought levels last week as tensions rose between the U.S. and North Korea. The major indices were extended to the upside and way overdue to pullback. The S&P 500 and Nasdaq pulled back into their respective 50 DMA lines while the…