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Stocks Bounce Back From Egregiously Oversold Levels
Market Action- Market In A Correction; 28-Week Rally Ends
All the major averages sliced below their respective 50 DMA lines on Thursday, March 10, 2011 and continued falling since then. Thursday, March 17, 2011 marked day 1 of a new rally attempt which means that the earlest a possible follow-through day (FTD) could emerge would be Tuesday, as long as Thursday’s lows are not breached. However, if Thursday’s lows are breached, then the day count will be reset and odds will favor lower prices, not higher, will follow. It is important to note that the recent ominous action reiterates the importance of raising cash and playing strong defense until a new FTD emerges. If you are looking for specific help navigating this market, please contact us for more information.
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Adam Sarhan
March 17, 2011
Nikkei Bounces But U.S. Housing & Inflation Data Disappoint
Market Action- Market In A Correction; 28-Week Rally Ends
All the major averages sliced below their respective 50 DMA lines on Thursday, March 10, 2011. Then, on Friday, all the major averages except for the tech-heavy Nasdaq composite managed to repair that damage and close above their respective 50 DMA lines which was somewhat encouraging and marked Day 1 of a new rally attempt. However, Friday’s lows were promptly breached on Monday as all the major averages dove below their 50 DMA lines on heavy volume and continued falling all week. This ominous action reset the day count and reiterates the importance of raising cash and playing strong defense until a new FTD emerges. If you are looking for specific help navigating this market, please contact us for more information.
Don’t Miss Out!
Have You Seen How Our New Site Can Help You!
Visit: www.SarhanCapital.com Today!
Adam Sarhan
March 16, 2011
Stocks Tank As Nuclear Threat Spreads In Japan
Market Action- Market In A Correction; 28-Week Rally Ends
All the major averages sliced below their respective 50 DMA lines on Thursday, March 10, 2011. Then, on Friday, all the major averages except for the tech-heavy Nasdaq composite managed to repair that damage and close above their respective 50 DMA lines which was somewhat encouraging and marked Day 1 of a new rally attempt. However, Friday’s lows were promptly breached on Monday as all the major averages dove below their 50 DMA lines on heavy volume. This ominous action reset the day count and reiterates the importance of raising cash and playing strong defense until a new FTD emerges. If you are looking for specific help navigating this market, please contact us for more information.
Don’t Miss Out!
See How Our New Site Can Help You!
Visit: www.SarhanCapital.com Today!
Adam Sarhan
March 15, 2011
Stocks Fall After Nikkei Plunges over 6% As Correction Deepens!
Monday, March 14, 2011 Stock Market Commentary: Japan’s benchmark Nikkei index plunged over -6% on Monday as the country struggles to contain the effects of
Adam Sarhan
March 14, 2011
28-Week Rally Ends; Day 1 Of New Rally Attempt
Market Action- Market In A Correction; Week 28 Ends
All the major averages sliced below their respective 50 DMA line on Thursday, March 10, 2011. All except for the tech-heavy Nasdaq composite managed to repair that damage and close above that important level on Friday. Friday, March 11, 2011 marked Day 1 of a new rally attempt which means the earliest a possible FTD could emerge would be Thursday, providing Friday’s lows are not breached. If, however, Friday’s lows are breached, the Day count will be reset and odds will favor lower prices will follow. The market is in a correction which underscores the importance of raising cash and playing strong defense until a new FTD emerges. If you are looking for specific help navigating this market, please contact us for more information.
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Adam Sarhan
March 11, 2011
Stocks Slice Below 50 DMA Line As Dollar Jumps
Thursday, March 10, 2011 Stock Market Commentary: On Thursday, stocks tanked as the US dollar jumped and concern spread about inflation in China. The current
Adam Sarhan
March 10, 2011
Happy Birthday Bull Market!
Market Action- Rally Under Pressure; Week 28
It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November, January, late February, and early March. From our point of view, the market remains in rally-mode until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction and strong recovery. If you are looking for specific high ranked ideas, please contact us for more information.
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Adam Sarhan
March 9, 2011
Two Year Anniversary From The Bear Market Low
Market Action- Rally Under Pressure; Week 28
It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November, January, late February, and early March. From our point of view, the market remains in rally-mode until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction and strong recovery. If you are looking for specific high ranked ideas, please contact us for more information.
Have You Seen Our New Site?
Adam Sarhan
March 8, 2011
Stocks Negatively Reverse As Oil Approaches $110/Barrel
Market Action- Rally Under Pressure; Week 28
It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November, January, late February, and early March. From our point of view, the market remains in rally-mode until those levels are breached. The tech-heavy Nasdaq composite and small-cap Russell 2000 indexes continue to lead evidenced by their shallow correction and strong recovery. If you are looking for specific high ranked ideas, please contact us for more information.
Have You Seen Our New Site?
Visit: www.SarhanCapital.com now!
Adam Sarhan
March 7, 2011
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