Russell 2000 Hits Fresh Record High!

Russell 2000 Hits Fresh Record High!

Byinfo@50park.com

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 very bullish to see the mid cap S&P 400 index hit a fresh all time high and the small cap Russell 2000 index flirt with its all time high. 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.

Quiet Day On Wall Street

Quiet Day On Wall Street

Byinfo@50park.com

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 very bullish to see the mid cap S&P 400 index hit a fresh all time high and the small cap Russell 2000 index flirt with its all time high. 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.
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All Eyes On Earnings

All Eyes On Earnings

Byinfo@50park.com

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 very bullish to see the mid cap S&P 400 index hit a fresh all time high and the small cap Russell 2000 index flirt with its all time high. 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.
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Reuters Quote: Q1 Gold Recap

Reuters Quote: Q1 Gold Recap

Byinfo@50park.com

“Gold has been building up a large space to consolidate
recent gains from the latter half of 2010,” said Adam Sarhan,
CEO of New York-based Sarhan Capital.
“The market is acting like a coil. As more and more
pressure is building up, gold will most likely break out and
close above its current base at $1,450 an ounce,” he said.
Sarhan said higher prices would follow as long as gold held
above $1,400 an ounce and above the key 50-day and 200-day
moving averages.
“On the downside though, if the 50-day moving average is
broken, and you see gold start falling hard, then all bullish
bets are off,” he said.

Adam Sarhan Reuters Quote: METALS-Copper crumbles amid Chinese demand doubts

Adam Sarhan Reuters Quote: METALS-Copper crumbles amid Chinese demand doubts

Byinfo@50park.com

Wed Mar 30, 2011 3:20pm EDT * Copper sinks as Chinese demand worries mount * Copper stocks in China, LME warehouses in the spotlight * U.S. copper runs into technical support at 100-day MA * Coming up; Chinese manufacturing data Friday (Recasts, updates with U.S. copper closing, adds graphic, analyst comments and NEW YORK dateline/byline)…

Stocks Rally On ADP Jobs Report

Stocks Rally On ADP Jobs Report

Byinfo@50park.com

Market Action-Confirmed Uptrend
From our point of view, the market is back in a confirmed uptrend after a modest (and healthy) -6% correction from its post-recovery highs. The fact that the Dow Jones Industrial Average, small-cap Russell 2000 index, and Copper all closed above their respective 50 DMA lines on Wednesday March, 23 was a very healthy sign and suggests higher prices will follow. The very next day, the benchmark S&P 500 regained that important level and broke above its downward trendline (shown above). Couple that with the fact that other markets like Oil, Silver, and Gold are all at fresh post recovery highs suggests it is only a matter of time until equities follow. The final bullish sign for us was that a slew of high ranked stocks triggered fresh technical buy signals this week 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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