Stocks Quiet On Earnings & Housing Data

Stocks Quiet On Earnings & Housing Data

Market Action- Market In A Correction
From our point of view, the current rally which began with the Thursday, March 24, 2011 FTD officially ended on Monday, April 18, 2011 after all the popular indexes sliced below their respective 50 DMA lines. The market is now in a correction which reiterates the importance of playing strong defense until a new rally is confirmed. If you are looking for specific help navigating this market, please contact us for more information.
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Market In A Correction After U.S. Outlook Falls

Market In A Correction After U.S. Outlook Falls

Monday, April 18, 2011 Stock Market Commentary: Stocks got smacked after Standard & Poor’s rating service cut the U.S. long term credit outlook to negative. The current rally which began on the Thursday, March 24, 2011 follow-through day (FTD) came under pressure at the beginning of April and officially ended on Monday, April 18, 2011,…

Stocks End Week In Red; 50 DMA Line Under Attack!

Stocks End Week In Red; 50 DMA Line Under Attack!

Market Action- Rally Under Pressure
The current rally which began with the Thursday, March 24, 2011 FTD is now under pressure as several of the major averages violated, and closed, below their respective 50 DMA lines. Remaining objective, it is bullish to see several leading stocks continue to act well (LULU, BIDU, DECK, PCLN, OPEN, SINA, etc) but the deterioration in the major averages should not be overlooked. If you are looking for specific help navigating this market, please contact us for more information.
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Bears Are Getting Stronger!

Bears Are Getting Stronger!

Market Action- Rally Under Pressure
The current rally which began with the Thursday, March 24, 2011 FTD is now under pressure as the Nasdaq composite & Nasdaq 100 both closed below their respective 50 DMA lines. Remaining objective, it is bullish to see the other popular averages all trading near to slightly above their respective 50 DMA lines. However, if that important level is breached, then lower, not higher prices, likely lie ahead. If you are looking for specific help navigating this market, please contact us for more information.
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Reuters Quote: METALS-Copper ends sharply lower amid commods sell-off

Reuters Quote: METALS-Copper ends sharply lower amid commods sell-off

“All of these markets … aluminum, oil, copper … all had
big, big runs over the past few weeks. So what we are seeing is
just a sharp pullback,” said Adam Sarhan, chief executive of
Sarhan Capital.
The Reuters-Jefferies CRB index .CRB, a global
commodities benchmark, fell nearly 2 percent in its sharpest
one-day decline in a month.
“They all took the stairs up, but are now taking the
elevator down. The question is how far down will this elevator
ride go?” Sarhan said.

50 DMA Line Is Under Attack!

50 DMA Line Is Under Attack!

Market Action- Rally Under Pressure
The current rally which began with the Thursday, March 24, 2011 FTD is now under pressure as the Nasdaq 100 sliced below its respective 50 DMA line. Remaining objective, it is bullish to see the other popular averages all trading near their respective 50 DMA lines. However, if that important level is breached, then lower, not higher prices, likely lie ahead. If you are looking for specific help navigating this market, please contact us for more information.
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Resources That Professional Traders and Investors Use
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Q1 Earning Season Begins!

Q1 Earning Season Begins!

Market Action- Rally Under Pressure
The current rally which began with the Thursday, March 24, 2011 FTD is now under pressure as the Nasdaq 100 sliced below its respective 50 DMA lines. Remaining objective, it is bullish to see the other popular averages all trading above their respective 50 DMA lines. However, if that important level is breached, then lower, not higher prices, likely lie ahead. If you are looking for specific help navigating this market, please contact us for more information.
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Resources That Professional Traders and Investors Use
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Quiet Week on Wall Street

Quiet Week on Wall Street

Market Action-Confirmed Uptrend
The market is back in a confirmed uptrend after a modest (and healthy) -6% correction from its post-recovery highs. We find it bullish to see the mid-cap S&P 400 index and the small cap Russell 2000 index both hit fresh all-time highs! In addition, the Dow Jones Industrial Average vaulted to a fresh post-recovery high and the S&P 500 and Nasdaq composite are just shy of fresh 2011 highs. In other news, a slew of other markets vaulted to fresh recovery highs most notably: crude oil, euro, gold, and silver which bodes well for the “risk on” trade and by extension U.S. equities. Finally, we are very happy to see a slew of high ranked stocks trigger fresh technical buy signals in recent weeks which suggests higher, not lower prices lie ahead. If you are looking for specific help navigating this market, please contact us for more information.
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Resources That Professional Traders and Investors Use
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ECB Raises Rates; U.S. Jobless Claims Fall & Another Earthquake in Japan!

ECB Raises Rates; U.S. Jobless Claims Fall & Another Earthquake in Japan!

Market Action-Confirmed Uptrend
The market is back in a confirmed uptrend after a modest (and healthy) -6% correction from its post-recovery highs. We find it bullish to see the mid-cap S&P 400 index and the small cap Russell 2000 index both hit fresh all-time highs! In addition, the Dow Jones Industrial Average vaulted to a fresh post-recovery high and the S&P 500 and Nasdaq composite are just shy of fresh 2011 highs. Finally, we are very happy to see a slew of high ranked stocks trigger fresh technical buy signals in recent weeks which suggests higher, not lower prices lie ahead. If you are looking for specific help navigating this market, please contact us for more information.
Have you seen the “Wise Money Library”?
Now, All In One Place, A Collection Of Strategies, Techniques and
Resources That Professional Traders and Investors Use
Have a Look: www.WiseMoneyLibrary.com