Stock market commentary: It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines as this market proves resilient and simply refuses to go down. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap...
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Monthly Archives: January 2011
Quiet Day On Wall Street
It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines as this market proves resilient and simply refuses to go down. The market remains in a confirmed rally until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes...
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Stocks React To Healthy Data
Tweet Wednesday, January 26, 2011 Stock Market Commentary: The major averages traded in a narrow range on Wednesday as new home sales surged and the Fed held rates steady near historic lows. The benchmark S&P 500 index managed to hit a new recovery high which took pressure off this current...
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Stocks Rally Ahead of State of The Union Speech
Market Action- Market In Confirmed Rally; Week 22
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...
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Stocks Rally As Dollar Falls
Market Action- Market In Confirmed Rally; Week 22
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...
Read more
Reuters: As rallies falter, eyes on China and Europe
Tweet By Barani Krishnan NEW YORK | Sun Jan 23, 2011 8:03pm EST (Reuters) – The decidedly bearish reaction among commodity traders last week to China’s unexpectedly strong economic growth highlighted a disturbing trend — even seemingly good news may be seen in a dark light these days. While markets overall eked...
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Stocks End Mixed on Shortened Holiday Week
Tweet Friday, January 21, 2011 Stock Market Commentary: The major averages ended mixed this week as a slew of earnings and economic data were released across the globe. It was a bit worrisome to see the major averages negatively reverse from a new recovery high and close lower on Wednesday...
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Reuters Quote: Gold hits two-month low on China tightening fear
Tweet By Frank Tang NEW YORK | Thu Jan 20, 2011 3:58pm EST (Reuters) – Gold fell nearly 2 percent to two-month lows on Thursday due to technical selling and as worries over further monetary tightening in China triggered a commodities rout. Silver, which sharply outperformed gold last year, dropped almost 4...
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Stocks Down; End Near Session Highs
Tweet Thursday, January 20, 2011 Stock Market Commentary: The major averages ended mixed after a slew of earnings and economic data was released. It was a bit worrisome to see the major averages negatively reverse from a new recovery high and close lower on Wednesday. This ominous action, especially after...
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Stocks Negatively Reverse After Big Move
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...
Read more