Stocks were under pressure on Monday as fresh debt woes surfaced from the U.S. and Europe. However, it is encouraging to see that all the major averages remain above their respective 50 DMA lines and many leaders are still acting well considering Friday’s lousy jobs report and fresh debt woes from Italy. The next level of resistance is their respective 2011 highs.
Debt, Debt, & More Debt!
Over the weekend, fresh debt concerns surfaced from the U.S. and Europe which put pressure on stocks and a slew of commodities. In the U.S., the latest debt/deficit talks dragged on as members of both sides of the aisle failed to agree on much needed restructuring. In Europe, an emergency session was held to discuss Italy’s mounting debt woes.
From our point of view, what is happening now in the Western World is a slow but potentially fatal shift of power. History shows us that power tends to follow wealth and what is happening now is that wealth is slowly shifting from the West to the East. Hopefully, Western politicians are aware of this simple yet often overlooked fact and will due what is necessary to curb their outrageous spending and get back on the right track.
Market Outlook- Uptrend Under Pressure:
The last week of June’s strong action suggests the market is back in a confirmed rally. As our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. That said, the current rally is under pressure as investors patiently await earnings season. Until then, the market deserves the bullish benefit of the doubt. If you are looking for specific help navigating this market, please contact us for more information.
Host Of The #SmartMoneyCircle Podcast, Founder and CEO of 50 Park Investments. Adam provides weekly market updates to ChartYourTrade.com readers. He is a FORBES Contributor and is a frequent guest on all the major financial media outlets.
Claim Your Free Guide Today
Give us your email and we will give you the tools to change your life.
Disclaimer: All communication from ChartYourTrade is general in nature and for educational and general informational purposes only. Under no circumstance should it be considered personalized investment advice. All our work is general in nature and not specific to any one person. All the information on this site and/or that originates from us, or any of our partners or affiliates, is for educational and informational purposes only and is NOT a recommendation to buy or sell anything. To avoid any conflicts of interest, we do not have a working relationship with any of the companies mentioned in our work. Furthermore, we may have a long, short, or no position in any, or all, of the names that appear in our work and they may change at any time without notice. Investing and trading in capital markets or using margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. Before you decide to invest or trade in capital markets you should carefully consider your investment objectives, level of experience, and risk appetite, among other factors. The possibility exists that you could sustain a loss of some, all, or more of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with capital markets, investing/trading, and seek specific investment advice from an independent financial advisor and other professionals. Remember all the information we provide is for educational and general informational purposes only and is subject to change without notice.
Debt, Debt, & More Debt!
Monday, July 11, 2011
Stock Market Commentary:
Stocks were under pressure on Monday as fresh debt woes surfaced from the U.S. and Europe. However, it is encouraging to see that all the major averages remain above their respective 50 DMA lines and many leaders are still acting well considering Friday’s lousy jobs report and fresh debt woes from Italy. The next level of resistance is their respective 2011 highs.
Debt, Debt, & More Debt!
Over the weekend, fresh debt concerns surfaced from the U.S. and Europe which put pressure on stocks and a slew of commodities. In the U.S., the latest debt/deficit talks dragged on as members of both sides of the aisle failed to agree on much needed restructuring. In Europe, an emergency session was held to discuss Italy’s mounting debt woes.
From our point of view, what is happening now in the Western World is a slow but potentially fatal shift of power. History shows us that power tends to follow wealth and what is happening now is that wealth is slowly shifting from the West to the East. Hopefully, Western politicians are aware of this simple yet often overlooked fact and will due what is necessary to curb their outrageous spending and get back on the right track.
Market Outlook- Uptrend Under Pressure:
The last week of June’s strong action suggests the market is back in a confirmed rally. As our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. That said, the current rally is under pressure as investors patiently await earnings season. Until then, the market deserves the bullish benefit of the doubt. If you are looking for specific help navigating this market, please contact us for more information.
Stock Market Research?
Global Macro Research?
Want To Follow Trends?
Learn How We Can Help You!
Here are more articles you may like
Online Casino Siteleri – Türkiye’deki En İyi Online Casino Siteleri
İçerik Online Kumarhane Platformları Hakkında Genel Bilgi Casino Sitelerinin Popülerliği Online Casino Oyunlarının İçeriği En
Casibom365 – Türkiye’nin En İyi Bahis ve Casino Sitesi – Yüksek Kaliteli Oyunlar, Büyük Kazançlar ve Eğlence Dolu Deneyim İçin Doğru Adres!
İçerik Hakkımızda Birinci Paragraf İkinci Paragraf Üçüncü Paragraf Bahis Seçenekleri Canlı Bahis Spordaki Bahis Seçenekleri
Nebati Merkez Bankası’nı 900 Milyar TL Zarara Uğrattı
Nebati Merkez Bankası’nı 900 Milyar TL Zarara Uğrattı Bilet bilgileri ile Merkezi Sistem bilgileri uyuşmadığında,
Adam Sarhan
Claim Your Free Guide Today
Give us your email and we will give you the tools to change your life.
FREE 7 DAY EMAIL COURSE
Learn about Early Entry Points & much more...
© ChartYourTrade | Contact us: website@chartyourtrade.com
Disclaimer: All communication from ChartYourTrade is general in nature and for educational and general informational purposes only. Under no circumstance should it be considered personalized investment advice. All our work is general in nature and not specific to any one person. All the information on this site and/or that originates from us, or any of our partners or affiliates, is for educational and informational purposes only and is NOT a recommendation to buy or sell anything. To avoid any conflicts of interest, we do not have a working relationship with any of the companies mentioned in our work. Furthermore, we may have a long, short, or no position in any, or all, of the names that appear in our work and they may change at any time without notice. Investing and trading in capital markets or using margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. Before you decide to invest or trade in capital markets you should carefully consider your investment objectives, level of experience, and risk appetite, among other factors. The possibility exists that you could sustain a loss of some, all, or more of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with capital markets, investing/trading, and seek specific investment advice from an independent financial advisor and other professionals. Remember all the information we provide is for educational and general informational purposes only and is subject to change without notice.
Charts and Data are courtesy of MarketSmith Incorporated. Join MarketSmith here.
Terms of Service