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  • Earnings Season Begins

    Market Outlook- In A Correction:
    The major U.S. averages are still in a “correction” as they continue to bounce towards resistance of their 2-month base. The latest follow-through day (FTD) which began on August 23, 2011 has officially ended which means we will continue “counting” days before a new rally can be confirmed. 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! The next stop is September’s highs and then their 200 DMA lines. 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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  • Week-In-Review: Stocks End Week Lower As Nuclear Tensions Rise

    Nuclear Tensions Send Stocks Lower – From Overbought Conditions The market fell from extremely overbought levels last week as tensions rose between the U.S. and North Korea. The major indices were extended to the upside and way overdue to pullback. The S&P 500 and Nasdaq pulled back into their respective 50 DMA lines while the…

  • 25-Week Rally Begins

    Market Action- Confirmed Rally; Week 25 Begins
    It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November as this market proves resilient and simply refuses to go down. From our point of view, the market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction and strong recovery. However, it is important to note that stocks are a bit extended here and a pullback of some sort (back to the 50 DMA lines) would do wonders to restore the health of this bull market. If you are looking for specific high ranked ideas, please contact us for more information.
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  • Stocks Surge But Where's The Volume?

    It is well known that a market should not be considered “healthy” unless it trades above its rising 200-day moving average (DMA) line. The fact that all the major averages are below both their 50 & 200 DMA lines bodes poorly for the near term. That said, the bears will likely remain in control until the popular averages close above their important moving averages. Remember, we have seen these very strong light volume rallies in the past only to fail a few days later. Trade accordingly.

  • Week In Review: Strong Start To The Year For Stocks

    STOCK MARKET COMMENTARY: FRIDAY, JUNE 28, 2013 The major averages enjoyed their largest start to the year since 1998/1999 (depending on the index), rallying above 12%. The strong bull market that we are experiencing continues to be driven by global central banks. That said, the US Fed continues to print $4B/day and other central banks…