Another Positive Week On Wall Street

Stocks Fall As Incoming “Data” Remains Mixed Stocks fell last week as the incoming “data” remained mixed which does not provide more clarity regarding when the Fed will raise rates. Remember the Fed has a dual mandate: help the economy and keep inflation near its 2% target. Right now both objectives are not being met which…
The action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been very strong and stocks are simply pausing to consolidate their recent gains. It was encouraging to see the bulls show up and defend support (formerly resistance) in recent weeks. The next level of support for the major averages is their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.
Friday, June 29, 2012 Stock Market Commentary: Stocks and a slew of other “risk-on” assets surged on Friday after European leaders announced the latest “solution” to their onerous multi-year debt crisis. In the short-term, this will help investors look past the larger macro concerns that have plagued the market for the past few years and…
Market Outlook- Market In A Correction
From our point of view, the market is back in a correction now that all the major averages closed below their respective 50 DMA lines and downward trendlines. Since the beginning of May, we have urged caution as the major averages and a host of commodities began selling off. The next level of resistance is their respective 2011 highs. If you are looking for specific help navigating this market, please contact us for more information.
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Monday, January 30, 2012 Stock Market Commentary: Stocks and a slew of other risk assets were lower on Monday as jitters spread regarding Greece and investors booked profits after a strong start to the year. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9…
Market Outlook- Rally Under Pressure
From our point of view, the market rally is under serious pressure which suggests caution is paramount at this juncture. Looking forward, the next level of support for the major averages are their respective 50 DMA lines and resistance is their 2011 highs. The rally remains in tact as long as support holds on a closing basis. If you are looking for specific help navigating this market, please contact us for more information.
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