Market Outlook- Market In A Correction:
The market is back in a correction after another failed follow-through day on Tuesday, June 21, 2011. Now that we are back in a correction, defense remains the best offense. The next level of support for the major averages is their respective 200 DMA lines...
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Monthly Archives: June 2011
Greek Vote Yes!
Tweet Wednesday, June 29, 2011 Stock Market Commentary: Stocks edged higher as investors digested the latest round of economic data and the Greek government voted “yes” to the much anticipated austerity measures. The major averages bounced nicely during the first half of this week but volume, an important indicator of institutional sponsorship,...
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The “Bounce” Continues
Market Outlook- Market In A Correction:
The market is back in a correction after another failed follow-through day on Tuesday, June 21, 2011. Now that we are back in a correction, defense remains the best offense. The next level of support for the major averages is their respective 200 DMA lines...
Read more
Stocks Bounce Off Support
Market Outlook- Market In A Correction:
The market is back in a correction after another failed follow-through day on Tuesday, June 21, 2011. Now that we are back in a correction, defense remains the best offense. The next level of support for the major averages is their respective 200 DMA lines...
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Adam Sarhan Reuters Gold Quote
"Once the 50-day average is broken on a weekly basis, it a first sign of weakness and that the trend may be changing," said Adam Sarhan at Sarhan Capital....
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Stocks End Week Relatively Flat
Tweet Friday, June 24, 2011 Stock Market Commentary: Stocks ended relatively flat to slightly higher as investors digested a very busy week of data. After the dust setteled, the major averages were little changed but remain trapped in the middle of their multi-week sideways trading range with support near the...
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Rally Ends; Stocks Smacked
Market Outlook- Market In A Correction:
The market is back in a correction after another failed follow-through day on Tuesday, June 21, 2011. Now that we are back in a correction, defense remains the best offense. The next level of support for the major averages are their respective 200 DMA lines...
Read more
Fed Speaks; World Listens
Home Prices Edge Higher, FOMC Meeting, & Bernanke Press Conference:
Before Wednesday's open, the Federal Housing Finance Agency (FHFA) House Price Index (HPI) was released which showed a slight uptick in home prices. The index unexpectedly rose in April, snapping a six-month losing streak. The FHFA house price index rose +0.8%...
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Sarhan Reuters Quote- METALS-Copper ends off on demand worry, recovery threats
"From the risk standpoint, investors are asking themselves
what solution is going to help resolve or allay some of these
concerns we are seeing from the global growth story," said Adam
Sarhan, chief executive of Sarhan Capital.
"Greece is not resolved. Eventually you have to address the
structural imbalances that are at play....
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Summer Begins; New Rally Confirmed!
Market Outlook- Market In A Correction:
The market is back in a correction now that all the major averages closed below their respective 50 DMA lines and important upward trendlines. Since the beginning of May, we have urged our clients and readers to be extremely cautious as the major averages and...
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