Stocks Soar On Strong Earnings & Housing Data

ByAdam Sarhan

Market Action- Market In A Confirmed Rally

From our point of view, the market is back in “rally-mode” as all the major averages continue to trade above their respective 50 DMA lines and are perched below their 2011 highs! In addition, leading stocks have held up very well even as the major averages slid below their respective 50 DMA lines. If you are looking for specific help navigating this market, please contact us for more information.

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Stocks Quiet On Earnings & Housing Data

ByAdam Sarhan

Market Action- Market In A Correction

From our point of view, the current rally which began with the Thursday, March 24, 2011 FTD officially ended on Monday, April 18, 2011 after all the popular indexes sliced below their respective 50 DMA lines. The market is now in a correction which reiterates the importance of playing strong defense until a new rally is confirmed. If you are looking for specific help navigating this market, please contact us for more information.

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Market In A Correction After U.S. Outlook Falls

ByAdam Sarhan

Monday, April 18, 2011 Stock Market Commentary: Stocks got smacked after Standard & Poor’s rating service cut the U.S. long term credit outlook to negative. The current rally which began on the Thursday, March 24, 2011 follow-through day (FTD) came under pressure at the beginning of April and officially ended on Monday, April 18, 2011,…

Stocks End Week In Red; 50 DMA Line Under Attack!

ByAdam Sarhan

Market Action- Rally Under Pressure

The current rally which began with the Thursday, March 24, 2011 FTD is now under pressure as several of the major averages violated, and closed, below their respective 50 DMA lines. Remaining objective, it is bullish to see several leading stocks continue to act well (LULU, BIDU, DECK, PCLN, OPEN, SINA, etc) but the deterioration in the major averages should not be overlooked. If you are looking for specific help navigating this market, please contact us for more information.

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