Friday, March 09, 2012 Stock Market Commentary: Stocks successfully bounced after testing their multi-month upward trendline for the fourth time since October 2011. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying a…
Thursday, March 08, 2012 Stock Market Commentary: Stocks opened higher on Thursday after the ECB and BOE held rates steady and investors were waiting for a deal on the latest Greek debt restructuring. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their…
Wednesday, March 07, 2012 Stock Market Commentary: Stocks bounced on Wednesday after ADP reported a healthy jobs number and buyers showed up to “buy the initial dip” in this 3 month rally. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current…
Tuesday, March 06, 2012 Stock Market Commentary: Stocks were under pressure as several global economic powerhouses reported weaker than expected GDP growth. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying a very…