Tough Week on Wall Street

Tough Week on Wall Street

Byinfo@50park.com

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 and have fallen hard since then. Thursday, March 17, 2011 marked day 1 of a new rally attempt which means that the earlest 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.
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VIX and the S&P 500

VIX and the S&P 500

Byinfo@50park.com

Posted by ddshort.com March 16, 2011Let’s review today’s volatility in the S&P 500. The first chart features an overlay of the index and the CBOE Volatility Index (VIX) since 2007. Today the VIX rose to 29.34, a gain of 20.6% over the previous close.   Click for a larger image As the chart above illustrates, the…

Stocks Bounce Back From Egregiously Oversold Levels

Stocks Bounce Back From Egregiously Oversold Levels

Byinfo@50park.com

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 and continued falling since then. Thursday, March 17, 2011 marked day 1 of a new rally attempt which means that the earlest 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.
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Nikkei Bounces But U.S. Housing & Inflation Data Disappoint

Nikkei Bounces But U.S. Housing & Inflation Data Disappoint

Byinfo@50park.com

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. Then, on Friday, all the major averages except for the tech-heavy Nasdaq composite managed to repair that damage and close above their respective 50 DMA lines which was somewhat encouraging and marked Day 1 of a new rally attempt. However, Friday’s lows were promptly breached on Monday as all the major averages dove below their 50 DMA lines on heavy volume and continued falling all week. This ominous action reset the day count and 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.
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Stocks Tank As Nuclear Threat Spreads In Japan

Stocks Tank As Nuclear Threat Spreads In Japan

Byinfo@50park.com

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. Then, on Friday, all the major averages except for the tech-heavy Nasdaq composite managed to repair that damage and close above their respective 50 DMA lines which was somewhat encouraging and marked Day 1 of a new rally attempt. However, Friday’s lows were promptly breached on Monday as all the major averages dove below their 50 DMA lines on heavy volume. This ominous action reset the day count and 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!
See How Our New Site Can Help You!
Visit: www.SarhanCapital.com Today!

Stocks Fall After Nikkei Plunges over 6% As Correction Deepens!

Stocks Fall After Nikkei Plunges over 6% As Correction Deepens!

Byinfo@50park.com

Monday, March 14, 2011 Stock Market Commentary: Japan’s benchmark Nikkei index plunged over -6% on Monday as the country struggles to contain the effects of Friday’s devastating earthquake. The 28-week rally, which began on the September 1, 2010 follow-through day (FTD), ended on Thursday March 10, 2011 when all the major U.S. averages plunged below their respective…

28-Week Rally Ends; Day 1 Of New Rally Attempt

28-Week Rally Ends; Day 1 Of New Rally Attempt

Byinfo@50park.com

Market Action- Market In A Correction; Week 28 Ends
All the major averages sliced below their respective 50 DMA line on Thursday, March 10, 2011. All except for the tech-heavy Nasdaq composite managed to repair that damage and close above that important level on Friday. Friday, March 11, 2011 marked Day 1 of a new rally attempt which means the earliest a possible FTD could emerge would be Thursday, providing Friday’s lows are not breached. If, however, Friday’s lows are breached, the Day count will be reset and odds will favor lower prices will follow. The market is in a correction which underscores 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.
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Stocks Slice Below 50 DMA Line As Dollar Jumps

Stocks Slice Below 50 DMA Line As Dollar Jumps

Byinfo@50park.com

Thursday, March 10, 2011 Stock Market Commentary: On Thursday, stocks tanked as the US dollar jumped and concern spread about inflation in China. The current crisis in the Middle East remains in flux which is putting upward pressure on oil and gold and downward pressure on equities. The benchmark S&P 500 is up nearly 100% from…

Happy Birthday Bull Market!

Happy Birthday Bull Market!

Byinfo@50park.com

Market Action- Rally Under Pressure; Week 28
It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November, January, late February, and early March. From our point of view, the market remains in rally-mode until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction and strong recovery. If you are looking for specific high ranked ideas, please contact us for more information.
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