Stocks & Commodities Smacked As EU Debt Woes Continue

ByAdam Sarhan

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 and has caused the major averages to all pullback to their respective 50 DMA lines. This is the next important level of support for the major averages and several leading stocks. It is of the utmost importance for the bulls to show up and defend the 50 DMA line in order for this rally to remain intact. Caution and patience is key at this point. Trade accordingly.

Stocks Snap a 5-Week Winning Streak

ByAdam Sarhan

Friday, November 12, 2010 Stock Market Commentary: Stocks and commodities snapped a 5-week winning streak as the US dollar rallied one week after the Fed’s historic QE II announcement. Volume patterns remain healthy as the major averages have now completed the 11th week of their ongoing rally. On average, market internals remain healthy evidenced by…

Stocks Fall on Veterans Day

ByAdam Sarhan

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.