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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.

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Adam Sarhan November 11, 2010

Stocks & Commodities End Mixed As Dollar Rallies

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 September highs, then their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.

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Adam Sarhan November 8, 2010

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