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Stocks Rally on Election Day
Tuesday, November 2, 2010 Stock Market Commentary: Stocks rallied on Tuesday as the nation went to the polls. Volume patterns remain healthy as the major
Adam Sarhan
November 2, 2010
Stocks End Week Mixed; Techs Lead
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 S&P 500 sliced below its two month upward trendline (shown above) which is not ideal. 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. We have enjoyed large gains since the September 1st FTD and over the past two weeks, the tape remains somewhat sloppy. Trade accordingly.
Adam Sarhan
October 29, 2010
Stocks End Flat Ahead of GDP Data
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 S&P 500 sliced below its two month upward trendline (shown above) which is not ideal. 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. We have enjoyed large gains since the September 1st FTD and for the first time, the tape is getting sloppy. Trade accordingly.
Adam Sarhan
October 28, 2010
Stocks Mixed, Commodities Down; USD Up
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 S&P 500 sliced below its two month upward trendline (shown above) which is not ideal. 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. We have enjoyed large gains since the September 1st FTD and for the first time, the tape is getting sloppy. Trade accordingly.
Adam Sarhan
October 27, 2010
Quiet Day On Wall Street
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 S&P 500 sliced below its two month upward trendline (shown above) which is not ideal. 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. We have enjoyed large gains since the September 1st FTD and for the first time, the tape is getting sloppy. Trade accordingly.
Adam Sarhan
October 26, 2010
Stocks Rally On Strong Housing Data
Monday, October 25, 2010 Stock Market Commentary: Stocks, oil, and gold opened higher as the dollar fell, after the G-20 concluded their meeting in South
Adam Sarhan
October 25, 2010
Stocks End Volatile With Modest Gains
Friday, October 21, 2010 Stock Market Commentary: Stocks ended a volatile week with modest gains as investors digested a slew of economic and earnings data.
Adam Sarhan
October 22, 2010
Stocks & Euro Edge Higher; Oil & Gold Fall
Thursday, October 21,2010 Stock Market Commentary: Stocks opened higher as the dollar fell (what else is new?) and the latest round of economic and earnings
Adam Sarhan
October 21, 2010
Stocks Bounce Back As Dollar Falls
Heretofore, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been strong but the market appears to be placing an interim top here as the major averages consolidate their recent move. The S&P 500 sliced below its two month upward trendline (shown above) 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. We have enjoyed large gains since the September 1st FTD and for the first time, the tape is getting sloppy. Trade accordingly.
Adam Sarhan
October 20, 2010
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