Markets Tank As Global Economy Slows

ByAdam Sarhan

Market Outlook- Market In A Correction

From our point of view, the market is back in a correction now that all the major averages closed below their respective 50 DMA lines and downward trendlines. Since the beginning of May, we have urged caution as the major averages and a host of commodities began selling off. The next level of resistance is their respective 2011 highs. If you are looking for specific help navigating this market, please contact us for more information.

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Downtrend Is Broken!

ByAdam Sarhan

Market Outlook- Market In A Confirmed Rally

From our point of view, the market is back in a confirmed rally now that all the major averages are back above their respective 50 DMA lines and downward trendlines. Since the beginning of May, we have urged caution as the major averages and a host of commodities began selling off. However, the fact that the pullback was shallow and the market found support at its 50 DMA line in late May, suggests higher, not lower, prices lie ahead. The next level of resistance is the 2011 highs. If you are looking for specific help navigating this market, please contact us for more information.

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A Clear Downtrend Has Formed

ByAdam Sarhan

Market Outlook- Market In A Correction

From our point of view, the market is in a correction as a new downtrend has formed and the 50 DMA line is broken for many of the major averages. Since the beginning of May, we have urged caution as the major averages and a host of commodities began selling off. Distribution remains elevated (heavy selling from the institutional community) and leading stocks continue to lag. Looking forward, the next level of support is the 9-month upward trendline and the next level of resistance is the 50 DMA line and then the 2011 highs. If you are looking for specific help navigating this market, please contact us for more information.

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A Clear Downtrend Has Formed

ByAdam Sarhan

Market Outlook- Market In A Correction

From our point of view, the market is in a correction as a new downtrend has formed and the 50 DMA line is broken for many of the major averages. Since the beginning of May, we have urged caution as the major averages and a host of commodities began selling off. Looking forward, the next level of support is the 9-month upward trendline and the next level of resistance is the 50 DMA line and then the 2011 highs. If you are looking for specific help navigating this market, please contact us for more information.

Want Better Results?

You Need Better Ideas!

We Know Markets!

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