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  • Stocks End Mixed On Busy News Day

    Overall, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) remains healthy. Looking forward, the window is now open for disciplined investors to begin carefully buying high-ranked stocks again. It was encouraging to see a flurry of high-ranked leaders trigger fresh technical buy signals and break out of sound bases in recent weeks. All the major averages rallied above their respective 200-day moving average (DMA) lines this week, which is another encouraging sign. The next important resistance level the major averages are facing is their respective summer highs.

  • Stocks Rally On A Busy Monday

    Looking at the market, the action remains healthy. The Dow Jones Industrial Average, small cap Russell 2000 index, S&P 500 and Nasdaq composite are all trading near fresh 2009 highs. Leaving the NYSE composite just below its 2009 high. The fact that the market managed to rally last week and hit new highs in the face of disconcerting economic data and a stronger dollar is a very healthy sign. Ideally, one would like to see leadership and volume expand over the next few weeks as the major averages continue advancing.

  • Economic Data Helps Stocks

    Market Outlook- Rally Under Pressure
    From our point of view, the market rally is under pressure which suggests caution is paramount at this stage. Looking forward, the next level of support for the major averages are their respective 50 DMA lines and resistance is their 2011 highs. The rally remains in tact as long as support holds. If you are looking for specific help navigating this market, please contact us for more information.
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  • Strong Start to Shortened Holiday Week

    Market Action- Market In Confirmed Rally; Week 21
    It was encouraging to see the bulls show up in November and defend the major averages’ respective 50 DMA lines. 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. Put simply, stocks are strong. Trade accordingly. If you are looking for specific high ranked ideas, please contact us for more information.

  • Week-In-Review: Stocks End Mixed As Earnings Season Begins

    Stocks End Mixed As Earnings Season Begins The broader indices ended mixed while small cap stocks tried to breakout last week as earnings season officially began. Just to recap the first full week of earnings, the data is mixed. So far, nearly all of the big banks reported earnings, and nearly all of them, except…