Stocks Consolidate Recent Decline

Stocks Consolidate Recent Decline

Byinfo@50park.com

Market Action- 12 Week Rally Ends – In A Correction:
The 12-week rally ended on Tuesday, November 16, 2010 after the major averages plunged in heavy volume back down towards their respective 50 DMA lines. In recent weeks, we have repeatedly written about how the major averages were experiencing wide-and-loose action after a big move and made it very clear that that was not a healthy sign. At this point, we are looking for a new rally to be confirmed with a new follow-through day before taking any new positions. Caution and patience are key at this point. Trade accordingly.

Stocks & Commodities Smacked As EU Debt Woes Continue

Stocks & Commodities Smacked As EU Debt Woes Continue

Byinfo@50park.com

Heretofore, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been strong but the market action has been wide-and-loose which is not a healthy sign and has caused the major averages to all pullback to their respective 50 DMA lines. This is the next important level of support for the major averages and several leading stocks. It is of the utmost importance for the bulls to show up and defend the 50 DMA line in order for this rally to remain intact. Caution and patience is key at this point. Trade accordingly.

Latest Media Quote: US Stocks Climb As Retail Sales Top Expectations

Latest Media Quote: US Stocks Climb As Retail Sales Top Expectations

Byinfo@50park.com

Nov. 15, 2010, 10:32 a.m. EST By Donna Kardos NEW YORK (MarketWatch) — U.S. stocks rose Monday following better-than-expected retail sales, although the gains were limited by disappointing manufacturing data and a rise in inventories that investors fear might have been too big. The Dow Jones Industrial Average climbed 49 points, or 0.4% to 11241,…

Stocks Snap a 5-Week Winning Streak

Stocks Snap a 5-Week Winning Streak

Byinfo@50park.com

Friday, November 12, 2010 Stock Market Commentary: Stocks and commodities snapped a 5-week winning streak as the US dollar rallied one week after the Fed’s historic QE II announcement. Volume patterns remain healthy as the major averages have now completed the 11th week of their ongoing rally. On average, market internals remain healthy evidenced by…

Stocks & Commodities End Mixed As Dollar Rallies

Stocks & Commodities End Mixed As Dollar Rallies

Byinfo@50park.com

Heretofore, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been strong but the market action has been wide-and-loose which is not a healthy sign. The next level of support for the major averages is their September highs, then their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.

Stocks Rally On Elections, QE II & Strong Jobs Data

Stocks Rally On Elections, QE II & Strong Jobs Data

Byinfo@50park.com

Friday, November 5, 2010 Stock Market Commentary: Stocks and commodities soared as the US dollar fell one day after the Federal Reserve announced a second round of quantitative easing. Volume patterns remain healthy as the major averages are now in their 10th week of their ongoing rally.On average, market internals remain healthy evidenced by an…