Market Outlook- Market In A Confirmed Rally
From our point of view, the market is back in a confirmed rally now that all the major averages are back above their respective 50 DMA lines and downward trendlines. Since the beginning of May, we have urged caution as the major averages and...
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Monthly Archives: May 2011
A Clear Downtrend Has Formed
Market Outlook- Market In A Correction
From our point of view, the market is in a correction as a new downtrend has formed and the 50 DMA line is broken for many of the major averages. Since the beginning of May, we have urged caution as the major averages and...
Read more
A Clear Downtrend Has Formed
Market Outlook- Market In A Correction
From our point of view, the market is in a correction as a new downtrend has formed and the 50 DMA line is broken for many of the major averages. Since the beginning of May, we have urged caution as the major averages and...
Read more
Weak Economic Data; Stocks Still Below 50 DMA Line
Market Outlook- Market In A Correction
From our point of view, the market is in a correction as a new downtrend has formed and the 50 DMA line is broken for many of the major averages. Since the beginning of May, we have urged caution as the major averages and...
Read more
50 DMA Line Is Resistance
Market Outlook- Market In A Correction
From our point of view, the market is in a correction as a new downtrend has formed and the 50 DMA line is broken for many of the major averages. Since the beginning of May, we have urged caution as the major averages and...
Read more
Market In A Correction; 50 DMA Line Broken
Market Outlook- Market In A Correction
From our point of view, the market is in a correction as a new downtrend has formed and the 50 DMA line is broken for many of the major averages. Since the beginning of May, we have urged caution as the major averages and...
Read more
Another Lousy Week For Stocks
Market Outlook- Rally Under Pressure
From our point of view, the market rally is under serious pressure which suggests caution is paramount at this juncture. 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...
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Slower Economic Growth Ahead?
Thursday, May 19, 2011
Stock Market Commentary:
Stocks and a host of commodities ended mixed after the latest economic data missed estimates. So far, the old adage, “Sell in May and Go Away,” appears to be working brilliantly. From our vantage point, the market rally remains under pressure due to the...
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Stocks React To Earnings & FOMC Minutes
Market Outlook- Rally Under Pressure
From our point of view, the market rally is under serious pressure which suggests caution is paramount at this juncture. 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...
Read more
Stocks Slide on Tepid Economic Data
Market Outlook- Rally Under Pressure
From our point of view, the market rally is under serious pressure which suggests caution is paramount at this juncture. 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...
Read more