Stocks Remain Strong As Home Prices Continue To Fall

ByAdam Sarhan

Market Action- Market In Confirmed Rally Week 18

It is encouraging to see the bulls show up in November 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. However, it is important to note that stocks are a bit extended here and a pullback of some sort (back to the 50 DMA lines) would do wonders to restore the health of this bull market. Put simply, stocks are strong. Trade accordingly. If you are looking for specific high ranked ideas, please contact us for more information.

Stocks Look Past China’s Surprise Rate Hike

ByAdam Sarhan

Market Action- Market In Confirmed Rally Week 18

It is encouraging to see the bulls show up in November 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. However, it is important to note that stocks are a bit extended here and a pullback of some sort (back to the 50 DMA lines) would do wonders to restore the health of this bull market. Put simply, stocks are strong. Trade accordingly. If you are looking for specific high ranked ideas, please contact us for more information.

Stocks Rally on Shortened Holiday Week

ByAdam Sarhan

Thursday, December 23, 2010 Stock Market Commentary: The major US averages edged higher on this shortened holiday week capping a fourth consecutive weekly gain for the Dow Jones Industrial Average and benchmark S&P 500, fifth weekly gain for the tech-heavy Nasdaq composite, and sixth consecutive weekly advance for the small-cap Russell 2000 index. It is…

Another Quiet Day On Wall Street

ByAdam Sarhan

It is encouraging to see the bulls show up in November 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.