28-Week Rally Ends; Day 1 Of New Rally Attempt

ByAdam Sarhan

Market Action- Market In A Correction; Week 28 Ends

All the major averages sliced below their respective 50 DMA line on Thursday, March 10, 2011. All except for the tech-heavy Nasdaq composite managed to repair that damage and close above that important level on Friday. Friday, March 11, 2011 marked Day 1 of a new rally attempt which means the earliest a possible FTD could emerge would be Thursday, providing Friday’s lows are not breached. If, however, Friday’s lows are breached, the Day count will be reset and odds will favor lower prices will follow. The market is in a correction which underscores the importance of raising cash and playing strong defense until a new FTD emerges. If you are looking for specific help navigating this market, please contact us for more information.

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Stocks Slice Below 50 DMA Line As Dollar Jumps

ByAdam Sarhan

Thursday, March 10, 2011 Stock Market Commentary: On Thursday, stocks tanked as the US dollar jumped and concern spread about inflation in China. The current crisis in the Middle East remains in flux which is putting upward pressure on oil and gold and downward pressure on equities. The benchmark S&P 500 is up nearly 100% from…

Happy Birthday Bull Market!

ByAdam Sarhan

Market Action- Rally Under Pressure; Week 28

It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November, January, late February, and early March. From our point of view, the market remains in rally-mode 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. If you are looking for specific high ranked ideas, please contact us for more information.

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Two Year Anniversary From The Bear Market Low

ByAdam Sarhan

Market Action- Rally Under Pressure; Week 28

It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November, January, late February, and early March. From our point of view, the market remains in rally-mode 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. If you are looking for specific high ranked ideas, please contact us for more information.

Have You Seen Our New Site?