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DJIA, Nasdaq Composite, & S&P 500 Are All Above Resistance
As of 2:45pm EST on Thursday, July 22, 2010 all the major averages are trading above their respective two month downward trendlines and their 50 DMA lines. However, it is a bit disconcerting to see volume recede as the market moves higher. This is the exact opposite of what one would like to see when the major averages rally above resistance. It is also important to note that the major averages are rallying up to an area where they encountered resistance several times in recent weeks and they are still below their longer term 200 DMA lines. That said, we can not argue with the tape and the bulls deserve the bullish benefit of the doubt until this “breakout” is negated. Trade accordingly.

5 worst Dow stocks since March market bottom
5 worst Dow stocks since March market bottom

A Note Of Caution: Don't Chase Stocks
A note of caution, careful chasing stocks up here after a big move. Selective buys/secondary buys are one thing – if/when they trigger – but over the long term you will do much better if you resist the “urge” to buy just because stocks are up (a.k.a chasing). As you can see from our process, we began buying…

Follow The Yellow Brick Road!
Adam Sarhan, CEO and Founder of Sarhan Capital, announces his foray into blogging in this introductory blog post

9 Countries That Had A Hard Time Deleveraging
9 Countries And Their Tumultuous Experiences With Deleveraging AUG. 27, 2013, 12:47 PM As China engages with its credit problem, Morgan Stanley’s Jonathan Garner asks in a new note, “Can China achieve a ‘beautiful’ deleveraging?””This phrase was first coined – by Ray Dalio of Bridgewater Associates – to describe a process whereby a country brings…

$10,000 Best Idea Contest
Do You Have What It Takes? 1. Enter Your Single Best Trading Idea Right Now 2. Tell Us Why 3. The Best Idea Will Win $10K [contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Website’ type=’url’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form] Join Our Newsletter *Contest Rules: 1. You must be over 18 yrs old. No…