Market Outlook- Confirmed Rally!
The major averages confirmed their latest rally attempt on Tuesday, August 23, 2011 which was the 11th day of their latest rally attempt. It is important to note that all major rallies in history began with a FTD however not every FTD leads to a new rally...
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Monthly Archives: August 2011
Stocks Rally On FOMC Minutes
Tweet Tuesday, August 30, 2011 Stock Market Commentary: Stocks were relatively quiet on Tuesday as stocks paused to consolidate their very strong week-long +7% rally. The major averages are technically in a new confirmed rally which means probing the long side may be prudent, if/when high ranked stocks begin to...
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Stocks Rally As Greek Banks Consolidate
Tweet Monday, August 29, 2011 Stock Market Commentary: Stocks rallied on Monday as E.U. debt woes continued to ease and buyers continued accumulating shares as this extremely volatile month begins its final week. The major averages are technically in a new confirmed rally which means probing the long side may...
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Stocks Confirm New Rally Attempt
Tweet Friday, August 26, 2011 Stock Market Commentary: Stocks ended higher this week, snapping a 4-week losing streak and confirmed their latest rally attempt on Tuesday when a proper follow-through day (FTD) emerged. From our point of view, the market is simply pausing to consolidate its recent shellacking (15-18% from late July to...
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Stocks Fall on Fresh EU Woes
Market Outlook- Rally Under Pressure!
The major averages confirmed their latest rally attempt on Tuesday, August 23, 2011 which was the 11th day of their latest rally attempt. However, since then, they have gone virtually "no where" which puts the current rally under pressure. It is important to note that all...
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Japan’s Credit Cut & Durable Goods Top Estimates
Market Outlook- New Rally Confirmed!
The major averages confirmed their latest rally attempt on Tuesday, August 23, 2011 which was the 11th day of their latest rally attempt. This action suggests a subtle and bullish shift may be on the horizon. It is important to note that all major rallies in...
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New Rally Confirmed!
Market Outlook- New Rally Confirmed!
The major averages confirmed their latest rally attempt on Tuesday, August 23, 2011 which was the 11th day of their latest rally attempt. This action suggests a subtle and bullish shift may be on the horizon. It is important to note that all major rallies in...
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The Sideways Action Continues
Market Outlook- Market In A Correction
The latest action in the major averages suggests the market is back in a correction as all the major averages remain below key technical levels. Our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. That...
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4th Consecutive Weekly Decline!
Market Outlook- Market In A Correction
The latest action in the major averages suggests the market is back in a correction as all the major averages remain below key technical levels. Our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. That...
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Selling Resumes!
Market Outlook- Market In A Correction
The latest action in the major averages suggests the market is back in a correction as all the major averages remain below key technical levels. Our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. That...
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