Heavy Volume Movers – Thursday 11.17.11
“It Is Not the Strongest of the Species that Survives But the Most Adaptable.” ― Charles Darwin Digital Media 1.0 Is Dead: Earlier today, Todd Harrison, of MinyanVille Fame, penned a great piece titled “Why I’m Exiting The Digital Media Business.” Once again he is way ahead of his time and has his finger right on the…
Market Outlook- Confirmed Rally:
The major U.S. averages are back in a new confirmed rally and broke above resistance of their 6-week base. The benchmark S&P 500 index scored a proper FTD on Tuesday, October 18, 2011, i.e. Day 12, when it rallied over 2% on heavier volume than the prior session. The next important area of resistance is its longer term 200 DMA line. In addition, it is important to note that the bulls scored a victory since many of the major averages closed above their downward sloping 50 DMA lines for the first time since late July! Our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. If you are looking for specific help navigating this market, please contact us for more information.
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The BoK’s decision to keep rates on hold at 2% on Thursday came as no surprise to PK Basu, MD & chief economist at Daiwa Capital Markets. He tells CNBC’s Oriel Morrison what contributed to the central bank’s dovish tone.
Dear Friends, In Jan 2014, Adam Sarhan was invited to appear in a Danish Documentary about “The American Dream.” His appearance (7:18-11min mark) is in their New York segment: http://www.dr.dk/tv/se/monte-carlo-elsker-usa/monte-carlo-elsker-usa-1-8 Kind regards, Sarhan Capital
Source: http://www.cnbc.com/id/100890341