Late Sunday night President Obama announced that U.S. forces killed Osama Bin Laden in a private compound in Pakistan! The market is back in a confirmed uptrend and remains healthy as long as all the major averages continue trading above their respective 50 DMA lines and recent chart highs. The recent healthy action was in response to a very accommodative Fed, a series of stronger than expected Q1 results, and a host of solid economic data. Now that the market is back in a confirmed rally, odds favor higher, not lower, prices lie ahead.
Bin Laden Is Toast, Earnings & Economic Data Top Estimates:
On Monday, stocks opened higher, but fell by the close, after Bin Laden was killed and the latest round of economic and earnings data topped estimates. In other news, silver sank after CME Group Inc. (CME) raised margin requirements (the amount of cash needed for speculative positions) for the red-hot commodity.
News on the economic front topped estimates, the Institute for Supply Management’s (ISM) manufacturing index slid to 60.4 in April, down from 61.2 in February. The Street was expecting a reading of 59.5. March’s total also topped the boom/bust level of 50 which signals expansion.
Market Outlook- 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 recent chart highs! In addition, leading stocks have held up very well even as the major averages slid below their respective 50 DMA lines in mid-April which is another encouraging sign. 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.
New! Bin Laden’s Toast; Stocks Fall
Monday, May 02, 2011
Stock Market Commentary:
Late Sunday night President Obama announced that U.S. forces killed Osama Bin Laden in a private compound in Pakistan! The market is back in a confirmed uptrend and remains healthy as long as all the major averages continue trading above their respective 50 DMA lines and recent chart highs. The recent healthy action was in response to a very accommodative Fed, a series of stronger than expected Q1 results, and a host of solid economic data. Now that the market is back in a confirmed rally, odds favor higher, not lower, prices lie ahead.
Bin Laden Is Toast, Earnings & Economic Data Top Estimates:
On Monday, stocks opened higher, but fell by the close, after Bin Laden was killed and the latest round of economic and earnings data topped estimates. In other news, silver sank after CME Group Inc. (CME) raised margin requirements (the amount of cash needed for speculative positions) for the red-hot commodity.
News on the economic front topped estimates, the Institute for Supply Management’s (ISM) manufacturing index slid to 60.4 in April, down from 61.2 in February. The Street was expecting a reading of 59.5. March’s total also topped the boom/bust level of 50 which signals expansion.
Market Outlook- 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 recent chart highs! In addition, leading stocks have held up very well even as the major averages slid below their respective 50 DMA lines in mid-April which is another encouraging sign. 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!
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