Stocks Negatively Reverse As Oil Approaches $110/Barrel

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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Stocks End Volatile Week Higher

ByAdam Sarhan

Market Action- Confirmed Rally; Week 27

It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November, January, and 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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Stocks Rally Ahead of Jobs Report

ByAdam Sarhan

Thursday, March 03, 2011 Stock Market Commentary: Stocks surged on Thursday after Jean-Claude Trichet, head of the European Central Bank (ECB), hinted that he may raise rates next month to curb inflation, a slew of large retailers reported positive comps, weekly jobless claims fell, and the ISM service index topped estimates. The current crisis in…

Stocks Quiet After ADP Report

ByAdam Sarhan

Market Action- Rally Under Pressure; Week 27

It was encouraging to see the bulls show up and defend the major averages’ respective 50 DMA lines in November, January, and late February. 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. However, it is important to note that stocks were a bit extended in recent months and this pullback (back to the 50 DMA lines) is very healthy as it shakes out the weaker hands and restores the the longer term health of this bull market. If you are looking for specific high ranked ideas, please contact us for more information.

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