Rally Under Pressure; 50 DMA Line Breached

Tuesday, October 19, 2010 Stock Market Commentary: Stocks, commodities and a slew of other dollar denominated assets fell sharply on Tuesday after China raised rates and the latest round of economic and earnings data was released. Tuesday marked the 23rd anniversary for one of the largest declines in the history of the stock market. The…
Market Outlook- Market In A Correction
The latest action in the major averages suggests the market is back in a correction as all the major averages remain below key technical levels. Our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. That said, the recent action suggests caution is paramount at this stage until all the major averages rally back towards their respective 200 DMA lines. If you are looking for specific help navigating this market, please contact us for more information.
Stock Market Analysis?
Global Macro Research?
Learn How To Follow Trends!
Market Action- Rally Under Pressure
The current rally which began with the Thursday, March 24, 2011 FTD is now under pressure as the Nasdaq composite & Nasdaq 100 both closed below their respective 50 DMA lines. Remaining objective, it is bullish to see the other popular averages all trading near to slightly above their respective 50 DMA lines. However, if that important level is breached, then lower, not higher prices, likely lie ahead. If you are looking for specific help navigating this market, please contact us for more information.
Have you seen the “Wise Money Library”?
Now, All In One Place, A Collection Of Strategies, Techniques and
Resources That Professional Traders and Investors Use
Have a Look: www.WiseMoneyLibrary.com
STOCK MARKET COMMENTARY: FRIDAY, JUNE 21, 2013 The major averages sliced below support on Thursday after the Fed opened to the door to taper QE sooner than initially expected. The benchmark S&P 500 is down in 4 of the past 5 weeks which suggests the bears are now in control of this market. For most…
Monday, March 06, 2017 U.S. equities fell on Monday as the chances of tighter monetary policy from the Federal Reserve sunk in for investors, while geopolitical concerns increased. “It feels like the fundamental picture is still there,” said Art Hogan, chief market strategist at Wunderlich Securities. “But at the same time you’ve got some events…
Market Outlook- Market In A Confirmed Rally
From our point of view, the market is back in a confirmed rally now that all the major averages are back above their respective 50 DMA lines and downward trendlines. Since the beginning of May, we have urged caution as the major averages and a host of commodities began selling off. However, the fact that the pullback was shallow and the market found support at its 50 DMA line in late May, suggests higher, not lower, prices lie ahead. The next level of resistance is the 2011 highs. If you are looking for specific help navigating this market, please contact us for more information.
Want Better Results?
You Need Better Ideas!
We Know Markets!
Learn How Our Consulting Services Can Help You!