Tweet Thursday, March 31, 2011 Stock Market Commentary: Stocks were quiet on Thursday as the major averages enjoyed their best Q1 since 1999 and traders awaited Friday’s much anticpated jobs report. It was encouraging to see a slew of leading stocks and the benchmark S&P 500, Dow Jones Industrial Average, Nasdaq...
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Monthly Archives: March 2011
Adam Sarhan Reuters Quote: METALS-Copper crumbles amid Chinese demand doubts
Tweet Wed Mar 30, 2011 3:20pm EDT * Copper sinks as Chinese demand worries mount * Copper stocks in China, LME warehouses in the spotlight * U.S. copper runs into technical support at 100-day MA * Coming up; Chinese manufacturing data Friday (Recasts, updates with U.S. copper closing, adds graphic,...
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Stocks Rally On ADP Jobs Report
Market Action-Confirmed Uptrend
From our point of view, the market is back in a confirmed uptrend after a modest (and healthy) -6% correction from its post-recovery highs. The fact that the Dow Jones Industrial Average, small-cap Russell 2000 index, and Copper all closed above their respective 50 DMA lines on Wednesday...
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Housing Prices & Consumer Confidence Miss Estimates
Tweet Tuesday, March 29, 2011 Stock Market Commentary: Stocks were quiet after two important economic reports were released: S&P Case/Shiller Home Price Index and consumer sentiment. It was encouraging to see a slew of leading stocks and the benchmark S&P 500, Dow Jones Industrial Average, Nasdaq composite, and small cap Russell...
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Consumer Spending, Incomes, & Inflation Rise
Market Action-Confirmed Uptrend
From our point of view, the market is back in a confirmed uptrend after a modest (and healthy)-6% correction from its post-recovery highs. The fact that the Dow Jones Industrial Average, small-cap Russell 2000 index, and Copper all closed above their respective 50 DMA lines on Wednesday March,...
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Strong Week on Wall Street; New Rally Confirmed!
Market Action-Confirmed Uptrend
From our point of view, the market is back in a confirmed uptrend after a modest (and healthy)-6% correction from its post-recovery highs. The fact that the Dow Jones Industrial Average, small-cap Russell 2000 index, and Copper all closed above their respective 50 DMA lines on Wednesday March,...
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Latest Rally Confirmed! Stocks Rally On Mixed Economic Data
Tweet Thursday, March 24, 2011 Stock Market Commentary: On Thursday, U.S. stocks opened higher after the latest read on durable goods and jobless claims were released. The 28-week rally, which began on the September 1, 2010 follow-through day (FTD), ended on Thursday March 10, 2011 when all the major U.S....
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Stocks Edge Higher; Look Past Sour Housing Data
Market Action- Market In A Correction; 28-Week Rally Ends
All the major averages sliced below their respective 50 DMA lines on Thursday, March 10, 2011. Thursday, March 17, 2011 marked day 1 of a new rally attempt which means that the earliest a possible follow-through day (FTD) could emerge would...
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Reuters Quote: GLOBAL MARKETS-Euro falls, bunds up on fears over Portugal debt
"If the data continues to implode the way it has been,
we'll see new lows in the stocks. And if that happens, we'll
have to expect a protracted downtrend in the market. When the
market gets better --it will happen-- you'll see it first in
housing stocks," said Adam Sarhan, chief executive of...
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Reuters Quote: US STOCKS…
Tweet Wed Mar 23, 2011 2:37pm GMT * U.S. home sales hit a record low in February * Fed tells Bank of America to rein in dividend plan * Portugal set to vote on austerity measures * Indexes down: Dow 0.4 pct, S&P 0.7 pct, Nasdaq 0.7 pct * For...
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