Stocks End Mixed As US Dollar Rallies
Stocks & US Dollar Advance In Tandem
Stocks Snap a 5-Week Winning Streak
Friday, November 12, 2010 Stock Market Commentary: Stocks and commodities snapped a 5-week winning streak as the US dollar rallied one week after the Fed’s historic QE II announcement. Volume patterns remain healthy as the major averages have now completed the 11th week of their ongoing rally. On average, market internals remain healthy evidenced by…
Stocks Fall on Veterans Day
Heretofore, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been strong but the market action has been wide-and-loose which is not a healthy sign. The next level of support for the major averages is their October highs (SPX 1190-1195), then their respective 50-day moving average (DMA) lines. Trade accordingly.
Stocks End Rally As Dollar Falls
Stocks End Rally As Dollar Falls