50 DMA Line Is Under Attack!

ByAdam Sarhan

Market Action- Rally Under Pressure

The current rally which began with the Thursday, March 24, 2011 FTD is now under pressure as the Nasdaq 100 sliced below its respective 50 DMA line. Remaining objective, it is bullish to see the other popular averages all trading near their respective 50 DMA lines. However, if that important level is breached, then lower, not higher prices, likely lie ahead. If you are looking for specific help navigating this market, please contact us for more information.

Have you seen the “Wise Money Library”?
Now, All In One Place, A Collection Of Strategies, Techniques and
Resources That Professional Traders and Investors Use
Have a Look: www.WiseMoneyLibrary.com

Q1 Earning Season Begins!

ByAdam Sarhan

Market Action- Rally Under Pressure

The current rally which began with the Thursday, March 24, 2011 FTD is now under pressure as the Nasdaq 100 sliced below its respective 50 DMA lines. Remaining objective, it is bullish to see the other popular averages all trading above their respective 50 DMA lines. However, if that important level is breached, then lower, not higher prices, likely lie ahead. If you are looking for specific help navigating this market, please contact us for more information.

Have you seen the “Wise Money Library”?
Now, All In One Place, A Collection Of Strategies, Techniques and
Resources That Professional Traders and Investors Use
Have a Look: www.WiseMoneyLibrary.com

Quiet Week on Wall Street

ByAdam Sarhan

Market Action-Confirmed Uptrend

The market is back in a confirmed uptrend after a modest (and healthy) -6% correction from its post-recovery highs. We find it bullish to see the mid-cap S&P 400 index and the small cap Russell 2000 index both hit fresh all-time highs! In addition, the Dow Jones Industrial Average vaulted to a fresh post-recovery high and the S&P 500 and Nasdaq composite are just shy of fresh 2011 highs. In other news, a slew of other markets vaulted to fresh recovery highs most notably: crude oil, euro, gold, and silver which bodes well for the “risk on” trade and by extension U.S. equities. Finally, we are very happy to see a slew of high ranked stocks trigger fresh technical buy signals in recent weeks which suggests higher, not lower prices lie ahead. If you are looking for specific help navigating this market, please contact us for more information.

Have you seen the “Wise Money Library”?
Now, All In One Place, A Collection Of Strategies, Techniques and
Resources That Professional Traders and Investors Use
Have a Look: www.WiseMoneyLibrary.com

ECB Raises Rates; U.S. Jobless Claims Fall & Another Earthquake in Japan!

ByAdam Sarhan

Market Action-Confirmed Uptrend

The market is back in a confirmed uptrend after a modest (and healthy) -6% correction from its post-recovery highs. We find it bullish to see the mid-cap S&P 400 index and the small cap Russell 2000 index both hit fresh all-time highs! In addition, the Dow Jones Industrial Average vaulted to a fresh post-recovery high and the S&P 500 and Nasdaq composite are just shy of fresh 2011 highs. Finally, we are very happy to see a slew of high ranked stocks trigger fresh technical buy signals in recent weeks which suggests higher, not lower prices lie ahead. If you are looking for specific help navigating this market, please contact us for more information.

Have you seen the “Wise Money Library”?
Now, All In One Place, A Collection Of Strategies, Techniques and
Resources That Professional Traders and Investors Use
Have a Look: www.WiseMoneyLibrary.com