Stocks Stall Below Major Resistance As Earnings Season Begins Stocks opened the week higher but stalled mid-week and closed mixed to lower after sellers showed up in the latter half of the week. Several important areas of the market, that had been leading for months, are now in “pullback mode” as we enter the heart of earnings season….
Stocks Sit Below Major Resistance As Earnings Season Begins Stocks rallied last week as the bulls sent the major indices above important areas of resistance and within striking distance of fresh record highs. Most of the big financials rallied last week after reporting crummy numbers. This reinforces our point about focusing on the reaction, not the actual…
Stocks End Week Lower Ahead of Earnings Stocks ended lower for the first full week of the new quarter and before earnings season begins in earnest. The short term action remains sloppy (to put it nicely) and continues to frustrate both the bulls and the bears. Eventually, clean trends will emerge, but for now, patience is paramount….
Stocks End Historic Quarter Stocks remain very strong as the bulls continue to defend the short term 10 day-moving-average line for the major indices. The big news last week and last quarter is that easy money from global central banks is here to stay. For now, stocks continue to worship easy money and until that…
– Want Sarhan Capital To Manage Your Portfolio? – Stocks Finally Pullback- Will It Last? Finally, the long awaited pull back arrived on Wall Street as the major indices pulled back and snapped a very strong 5-week win streak. The pullback began when a slew of commodities started falling as the US dollar rallied. Remember, commodity…
Thursday, December 29, 2011 Stock Market Commentary: Stocks opened higher after the latest round of economic data was announced and an Italian bond auction came in below the worst case scenario that many pundits were worried about. From our point of view, Thursday marked Day 7 of the current rally attempt which means the window…