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15-Week Rally Continues!
Market Action- Market In Confirmed Rally Week 15
It is encouraging to see the bulls show up and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally 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. Put simply, stocks are strong. Trade accordingly. If you are looking for specific high ranked ideas, please contact us for more information.
Adam Sarhan
December 10, 2010
S&P 500 Perched Below Resistance
Market Action- Market In Confirmed Rally Week 15
It is encouraging to see the bulls show up and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally 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. Put simply, stocks are strong. Trade accordingly.
Adam Sarhan
December 9, 2010
Gold & Silver Fall In Heavy Trade
Wednesday, December 8, 2010 Stock Market Commentary: It was a quiet day on Wall Street as gold and silver plunged in heavy trade. At this
Adam Sarhan
December 8, 2010
Stocks Encounter Resistance
It is encouraging to see the bulls show up and defend the 50 DMA lines for the major averages. The market remains in a confirmed rally 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. Put simply, stocks are strong. Trade accordingly.
Adam Sarhan
December 7, 2010
Quiet Day On Wall Street; Commodities Rally:
Monday was a quiet day on Wall Street as gold and silver soared. In the future, to avoid any confusion, we are no longer going to use outside resources to label the market. A popular outside source changed their label on Friday to Market in a confirmed rally, without a proper FTD emerging. This is bizarre and frankly plain irresponsible. From our standpoint, the rally that began on September 1, 2010 is still intact and we said that in our commentary on November 16, 2010 when the outside source said the rally ended. Full Story here. If anyone has any questions about this, please feel free to fill out our contact form.
Adam Sarhan
December 6, 2010
Stocks Kick Off Holiday Season With A Bang
Friday, December 3, 2010 Stock Market Commentary: Stocks ended higher during the first week of December after EU debt woes eased and a slew of
Adam Sarhan
December 3, 2010
Stocks Jump As Dollar Falls
It is encouraging to see the bulls show up this week and defend the 50 DMA lines for the major averages. Wednesday marked Day 1 of a new rally attempt for the Dow Jones Industrial Average and the benchmark S&P 500 which means the earliest a possible FTD could emerge for those indices is Monday. Meanwhile, the tech-heavy Nasdaq composite and small-cap Russell 2000 indexes marked Day 10 of their respective rally attempts which means the window remains open for either of those two indices to score a proper FTD. Trade accordingly.
Adam Sarhan
December 2, 2010
Where’s The Volume?
Market Action- Week 3 Of Correction
It is encouraging to see the bulls show up this week and defend the 50 DMA lines for the major averages. Wednesday marked Day 1 of a new rally attempt for the Dow Jones Industrial Average and the benchmark S&P 500 which means the earliest a possible FTD could emerge for those indices is Monday. Meanwhile, the tech-heavy Nasdaq composite and small-cap Russell 2000 indexes marked Day 10 of their respective rally attempts which means the window remains open for either of those two indices to score a proper FTD. Trade accordingly.
Adam Sarhan
December 1, 2010
EU Debt Woes Sends Euro Plunging
Tuesday, November 30, 2010 Stock Market Commentary: The euro sliced below its 200 DMA line and its psychologically important level of 1.30 this week as concern spread
Adam Sarhan
November 30, 2010
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