Stocks End Near Lows As Dollar Rallies

ByAdam Sarhan

The fact that there has only been two distribution days since the follow-though-day (FTD) bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to proactively be buying high quality breakouts meeting the investment system guidelines. Trade accordingly.

Stocks Down; Dollar Up

ByAdam Sarhan

Wednesday, March 24, 2010 Market Commentary: The major averages, US Treasuries, the euro and a slew of commodities pulled back as the dollar advanced after Portugal’s debt was downgraded by Fitch.The volume total on the NYSE was about even compared to Monday’s totals, while volume was reported slightly higher on the Nasdaq exchange. Decliners led advancers by more than…

Stocks Edge Higher On Stronger Than Expected Housing Market

ByAdam Sarhan

The fact that there has only been one distribution day since the follow-though-day (FTD) bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to proactively be buying high quality breakouts meeting the investment system guidelines. Trade accordingly.

Stocks Rally After Health Care Passes

ByAdam Sarhan

Monday, March 22, 2010 Market Commentary: The major averages ended higher as the dollar fell after Congress passed the historic health care bill.  As expected,  volume contracted compared to Friday’s options inflated levels on both major exchanges. Advancers led decliners by nearly a 2-to-1 ratio on the NYSE and the Nasdaq exchange. There were 45 high-ranked companies from the CANSLIM.net Leaders List…