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Volatile Week On Wall Street
It is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. Tuesday marked the latest distribution day since the rally was confirmed on the March 1, 2010 follow-through day (FTD). According to the paper, there are 5 distribution days for the NYSE and the S&P 500, 4 for the Dow, and 3 for the Nasdaq in recent weeks. This puts some pressure on this 9-week rally, but has yet to cause any technical damage. However, the fact that the market continues to shrug off any and all negative data bodes very well for this 9-week rally.
Adam Sarhan
April 30, 2010
Earnings & M&A News Lifts Stocks
It is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. Tuesday marked the latest distribution day since the rally was confirmed on the March 1, 2010 follow-through day (FTD). According to the paper, there are 6 distribution days for the NYSE, 5 for the S&P 500, 4 for the Dow, and 3 for the Nasdaq in recent weeks. This puts some pressure on this 9-week rally, but has yet to cause any technical damage. The fact that the market continues to shrug off any and all negative data bodes very well for this 13-month bull market.
Adam Sarhan
April 29, 2010
Stocks Inch Higher As Fed Holds Rates Steady
Wednesday, April 28, 2010 Stock Market Commentary: The major averages ended higher after the Federal Reserve held rates steady near historic lows and Spain’s debt was downgraded.
Adam Sarhan
April 28, 2010
Stocks Tank on EU Downgrades & Goldman Testimony
Tuesday, April 27, 2010 Market Commentary It is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. Tuesday marked the latest distribution day since the rally was confirmed on the March 1, 2010 follow-through day (FTD). According to the paper, there are 7 distribution days for the NYSE, 6 for the S&P 500, 5 for the Dow, and 2 for the Nasdaq. This puts subtle pressure on this 9-week rally.
Adam Sarhan
April 27, 2010
Stocks End Near Lows; Financials & Housing Stocks Lag
It is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. However, until that pullback arrives, the market deserves the bullish benefit of the doubt. Trade accordingly.
Adam Sarhan
April 26, 2010
Another Strong Week on Wall Street
It is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. However, the fact that we have yet to see a modest pullback bodes very well for the bulls. Trade accordingly.
Adam Sarhan
April 23, 2010
Stocks Rally After Shrugging Off Greek Woes
Remember, it is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. However, the fact that we have yet to see a modest pullback bodes very well for the bulls. Trade accordingly.
Adam Sarhan
April 22, 2010
Stocks End Mixed On Renewed Greek Woes
Remember, it is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. The prior commentary’s observation, “Since the March 1, 2010 follow-though-day (FTD) a handful of distribution days has not been the least bit damaging to the market’s confirmed rally” – was immediately followed with the 6th distribution day for the S&P 500 Index. However, the fact that we have yet to see a modest pullback bodes very well for the bulls. Trade accordingly.
Adam Sarhan
April 21, 2010
Stocks Close Higher On Healthy Earnings Data
Remember, it is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. The prior commentary’s observation, “Since the March 1, 2010 follow-though-day (FTD) a handful of distribution days has not been the least bit damaging to the market’s confirmed rally” – was immediately followed with the 6th distribution day for the S&P 500 Index, a sign of mounting pressure on this 8-week rally. However, the fact that we have yet to see a modest pullback bodes very well for the bulls. Trade accordingly.
Adam Sarhan
April 20, 2010
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