Tuesday, February 28, 2012 Stock Market Commentary:
Stocks and a slew of other risk assets rallied after the latest Italian bond yields plunged. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying a very strong uptrend. The benchmark S&P 500 jumped above its 2011 high and hit the highest level since 2008! The bulls remain in control as long as the benchmark S&P 500 trades above its 50 DMA line. Leadership continues to improve which is another healthy sign.
Italian Yields Fall, U.S. Economic Data Missed:
Stocks rallied on Tuesday after Italy sold a healthy amount of bonds at lower interest rates. U.S. economic data was mixed. It was discouraging to see that durable goods fell -4% in January 2012 which was the largest drop in three years. The S&P Case/Shiller index showed that home prices across much of the country fell -3.8% in Q4 2011 which brought home prices down to levels not seen since 2006. However, consumer confidence jumped to 70.8 from an upwardly revised 61.5 in the previous month. This easily topped the Street’s average estimate for a gain of 63.0. It is important to note that the consumer currently makes up 2/3 of the U.S. economy.
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.
S&P 500 Jumps To Highest Level Since June 2008!
Tuesday, February 28, 2012
Stock Market Commentary:
Stocks and a slew of other risk assets rallied after the latest Italian bond yields plunged. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying a very strong uptrend. The benchmark S&P 500 jumped above its 2011 high and hit the highest level since 2008! The bulls remain in control as long as the benchmark S&P 500 trades above its 50 DMA line. Leadership continues to improve which is another healthy sign.
Italian Yields Fall, U.S. Economic Data Missed:
Stocks rallied on Tuesday after Italy sold a healthy amount of bonds at lower interest rates. U.S. economic data was mixed. It was discouraging to see that durable goods fell -4% in January 2012 which was the largest drop in three years. The S&P Case/Shiller index showed that home prices across much of the country fell -3.8% in Q4 2011 which brought home prices down to levels not seen since 2006. However, consumer confidence jumped to 70.8 from an upwardly revised 61.5 in the previous month. This easily topped the Street’s average estimate for a gain of 63.0. It is important to note that the consumer currently makes up 2/3 of the U.S. economy.
Market Outlook- Confirmed Rally
Risk assets (stocks, FX, and commodities) have been acting better since the latter half of December and are extended by any normal measure. At this point, all this means is that the odds for a pullback increase. However, markets can very easily go from overbought to extremely overbought so trade accordingly. As always, keep your losses small and never argue with the tape. If you are looking for specific help navigating this market, feel free to contact us for more information. That’s what we are here for!
Here are more articles you may like
Bettilt Spor Bahisleri – En İyi Online Spor Bahislerini Bulun Bettilt
İçerik Online Spor Bahislerini Bulun En Çok Tercih Edilen Spor Bahisleri Yeni Nesil Bahis Deneyimi
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
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