“This was exactly the type of black swan event nobody was expecting this year — a political revolution in the Middle East — and it’s turned out to be a boon for oil,” says Adam Sarhan, founder of New York-based financial advisory Sarhan Capital in a Reuters interview.Are the sharp gains in oil here to say?
Stock market commentary: It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines as this market proves resilient and simply refuses to go down. The market remains in a confirmed rally 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. However, it is important to note that stocks are a bit extended here and a pullback of some sort (back to the 50 DMA lines) would do wonders to restore the health of this bull market. If you are looking for specific high ranked ideas, please contact us for more information.
It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines as this market proves resilient and simply refuses to go down. The market remains in a confirmed rally 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. However, it is important to note that stocks are a bit extended here and a pullback of some sort (back to the 50 DMA lines) would do wonders to restore the health of this bull market. If you are looking for specific high ranked ideas, please contact us for more information.
Wednesday, January 26, 2011 Stock Market Commentary: The major averages traded in a narrow range on Wednesday as new home sales surged and the Fed held rates steady near historic lows. The benchmark S&P 500 index managed to hit a new recovery high which took pressure off this current (and robust) 22-week rally. The fact…
Market Action- Market In Confirmed Rally; Week 22
It was encouraging to see the bulls show up in November and defend the major averages’ respective 50 DMA lines. The market remains in a confirmed rally 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. However, it is important to note that stocks are a bit extended here and a pullback of some sort (back to the 50 DMA lines) would do wonders to restore the health of this bull market. If you are looking for specific high ranked ideas, please contact us for more information.
Market Action- Market In Confirmed Rally; Week 22
It was encouraging to see the bulls show up in November and defend the major averages’ respective 50 DMA lines. The market remains in a confirmed rally 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. However, it is important to note that stocks are a bit extended here and a pullback of some sort (back to the 50 DMA lines) would do wonders to restore the health of this bull market. If you are looking for specific high ranked ideas, please contact us for more information.
By Barani Krishnan NEW YORK | Sun Jan 23, 2011 8:03pm EST (Reuters) – The decidedly bearish reaction among commodity traders last week to China’s unexpectedly strong economic growth highlighted a disturbing trend — even seemingly good news may be seen in a dark light these days. While markets overall eked out gains last week, the upward…
Friday, January 21, 2011 Stock Market Commentary: The major averages ended mixed this week as a slew of earnings and economic data were released across the globe. It was a bit worrisome to see the major averages negatively reverse from a new recovery high and close lower on Wednesday and Thursday. This ominous action, especially…
By Frank Tang NEW YORK | Thu Jan 20, 2011 3:58pm EST (Reuters) – Gold fell nearly 2 percent to two-month lows on Thursday due to technical selling and as worries over further monetary tightening in China triggered a commodities rout. Silver, which sharply outperformed gold last year, dropped almost 4 percent for its biggest one-day decline…
Thursday, January 20, 2011 Stock Market Commentary: The major averages ended mixed after a slew of earnings and economic data was released. It was a bit worrisome to see the major averages negatively reverse from a new recovery high and close lower on Wednesday. This ominous action, especially after a big move and from a…