Stocks Rally For 3rd Straight Week

ByAdam Sarhan

Friday, September 17, 2010 stock market commentary. Overall, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) remains healthy. Looking forward, the window is now open for disciplined investors to begin carefully buying high-ranked stocks again. It was encouraging to see a flurry of high-ranked leaders trigger fresh technical buy signals and break out of sound bases in recent weeks. All the major averages rallied and managed to stay above their respective 200-day moving average (DMA) lines this week, which is another encouraging sign. The next important resistance level the major averages are facing is their respective summer highs

Stocks End Mixed On Busy News Day

ByAdam Sarhan

Overall, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) remains healthy. Looking forward, the window is now open for disciplined investors to begin carefully buying high-ranked stocks again. It was encouraging to see a flurry of high-ranked leaders trigger fresh technical buy signals and break out of sound bases in recent weeks. All the major averages rallied above their respective 200-day moving average (DMA) lines this week, which is another encouraging sign. The next important resistance level the major averages are facing is their respective summer highs.

Stocks Edge Higher As Dollar Falls

ByAdam Sarhan

Overall, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) remains healthy. Looking forward, the window is now open for disciplined investors to begin carefully buying high-ranked stocks again. It was encouraging to see a flurry of high-ranked leaders trigger fresh technical buy signals and break out of sound bases in recent weeks. All the major averages rallied above their respective 200-day moving average (DMA) lines this week, which is another encouraging sign. The next important resistance level the major averages are facing is their respective summer highs.

Stocks Consolidate Monday’s Large Move

ByAdam Sarhan

Tuesday, September 14, 2010  Stock Market Commentary Stocks ended mixed after August’s retail sales topped estimates and gold surged to a fresh all-time high. Tuesday’s volume totals were reported about even on the NYSE and higher on the Nasdaq exchange compared to Monday’s levels. Decliners led advancers by a small margin on the NYSE and…