Soft Retail Sales & Blasé Fed Minutes Weigh On Stocks

Soft Retail Sales & Blasé Fed Minutes Weigh On Stocks

Looking forward, the window remains open for disciplined investors to carefully buy high-ranked stocks. Since the current rally began on July 1, the major averages have rallied on suspiciously light volume for the most part. It is ideal to see volume expand as the major averages break above resistance and see a new batch of high ranked leaders trigger fresh technical buy signals. These latest improvements are helping to confirm this nascent rally and provide a reassurance that odds are more favorable for successful investing using the fact-based system.

Stocks Rally For 6th Consecutive Day

Stocks Rally For 6th Consecutive Day

Tuesday, July 13, 2010 Stock Market Commentary: The major averages rallied for a sixth consecutive day after Alcoa (AA) and CSX (CSX) officially kicked off earnings season and the government said the trade deficit topped $1 trillion. Volume, a critical component of institutional sponsorship, was higher on the Nasdaq and the NYSE. There were 23 high-ranked companies from the…