Monday, March 15, 2010 Market Commentary: The major averages ended mixed as concern spread that China and India may begin seeking measures to curb their robust economies as inflation picks up. Compared to the prior session, volume fell on the NYSE and Nasdaq exchange. Decliners led advancers by a 11-to-8 ratio on the NYSE and by a 16-to-11 ratio…
Looking at the market, since the March 1, follow-through-day (FTD) the market and a batch of leading stocks steadily rallied. The fact that we have not seen any serious distribution days since the 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 start buying high quality breakouts. Trade accordingly.
Thursday, March 11, 2010 Market Commentary: The major averages edged higher after China said inflation jumped last month and mixed economic data was released. Volume totals were reported lower than the prior session on both major exchanges. Advancers led decliners by a 23-to-15 ratio on the NYSE and by nearly a 15-to-11 margin on the Nasdaq exchange. There were 35 high-ranked companies from the CANSLIM.net Leaders List that made…
Wednesday, March 10, 2010 Market Commentary: US stocks ended higher on the tenth anniversary of the 2000 dot-com bubble. Volume, a critical gauge of institutional demand, was reported mixed compared to the prior session; higher on the Nasdaq exchange and lower on the NYSE. Advancers led decliners by a 2-to-1 ratio on the NYSE and by nearly a 2-to-1 margin on the Nasdaq exchange. There were 50 high-ranked…