Tuesday, November 22, 2011 Stock Market Commentary: The market is back in a correction after all the major averages sliced below their respective 50 DMA lines on Monday (11.21.11). A slew of risk assets were smacked after the super-committee failed to curb the $15T deficit and debt woes spread in Europe. It is also disconcerting…
Monday, November 21, 2011 Stock Market Commentary: The market is back in a correction after all the major averages sliced below their respective 50 DMA lines on Monday. A slew of risk assets were smacked after the super-committee failed to curb the $15T deficit and debt woes spread in Europe. It is also disconcerting to…
Wednesday, November 16, 2011 Stock Market Commentary: The S&P 500 and Nasdaq Composite continue trading between positive and negative territory for the year as investors continue to digest the latest headlines out of Europe and the latest economic data from the U.S. From our point of view, the current EU bailout plan- to use leverage…
Tuesday, November 15, 2011 Stock Market Commentary: The S&P 500 and Nasdaq Composite continue trading between positive and negative territory for the year as investors continue to fret over the ongoing situation in Europe. From our point of view, the current EU bailout plan- to use leverage & add more debt to a debt crisis- is…
Monday, November 14, 2011 Stock Market Commentary: The S&P 500 and Nasdaq Composite continued flirting with the break-even level for 2011 as investors continue focusing on the situation in Europe. As you know by now, from our point of view, the current EU bailout plan- to use leverage & add more debt to a debt crisis-…
Friday, November 11, 2011 Stock Market Commentary: The S&P 500 and Nasdaq Composite are back in positive territory for the year as the situation in Europe eased and economic data in the U.S. topped estimates. As you know by now, from our point of view, the current EU bailout plan- to use leverage & add more…
Thursday, November 10, 2011 Stock Market Commentary: The S&P 500 and Nasdaq Composite are back in negative territory for the year after fresh concern spread regarding Italy’s debt woes earlier in the week. From our point of view, the current EU bailout plan- to use leverage & add more debt to a debt crisis- is foolish…
Monday, November 7, 2011 Stock Market Commentary: Stocks rallied on Monday as fears shifted from Greece to Italy regarding the next European domino to fall. From our point of view, the current EU bailout plan- to use leverage & add more debt to a debt crisis- is foolish at best and does not address the broader…
Market Outlook- Rally Under Pressure:
The current rally is under pressure due to the recent severe sell off that sent the SPX below 1230 and erased half of October’s gains. This means that caution is king until the bulls regain control of this market. In addition, it is important to note that the bulls failed to send the major averages above their respective 200 DMA lines and the neckline of their ominous head-and-shoulders top pattern (1250) in late October. We have to expect this sloppy, wide and loose action to continue until that level is repaired and higher prices follow. 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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Market Outlook- Rally Under Pressure:
The current rally is under pressure due to the recent severe sell off that sent the SPX below 1230 and erased half of October’s gains. This means that caution is king until the bulls regain control of this market. In addition, it is important to note that the bulls failed to send the major averages above their respective 200 DMA lines and the neckline of their ominous head-and-shoulders top pattern (1250) in late October. We have to expect this sloppy, wide and loose action to continue until that level is repaired and higher prices follow. 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.
Stop Chasing Stocks,
Let Them Chase You!
Join FindLeadingStocks.com Today!