Thursday, December 2, 2010 Stock Market Commentary:
Stocks and a slew of commodities rallied after the USD fell and the euro rallied as the latest economic data in the US topped estimates and the ECB said it was buying bonds. The market is still in a correction according to outside sources which means a new proper FTD needs to emerge in order to confirm a new rally.
Euro Woes Ease, US Economic Data Is Strong:
On Thursday, the European Central Bank (ECB) said that it delayed its withdrawal of emergency aid and liquidity and bought more government bonds to help allay contagion woes. ECB President Jean-Claude Trichet said he plans to fight “acute” financial market tensions and made it clear that the ECB would actively try to stem the ongoing debt crisis. In the US, stocks rallied after retail sales and housing data suggested the current recovery was on track.
Market Action- Correction Enters Week 3
It is encouraging to see the bulls show up this week and defend the 50 DMA lines for the major averages. Wednesday marked Day 1 of a new rally attempt for the Dow Jones Industrial Average and the benchmark S&P 500 which means the earliest a possible FTD could emerge for those indices is Monday. Meanwhile, the tech-heavy Nasdaq composite and small-cap Russell 2000 indexes marked Day 10 of their respective rally attempts which means the window remains open for either of those two indices to score a proper FTD. Trade accordingly.
Sarhan Wealth Management provides both global macro and equity only consulting services to high net worth and institutional clients around the world. For years, our clientele has participated in the firm’s objective market-based outlook, which has one primary goal: to provide robust trading ideas across all asset classes. Since 2004 we have outperformed the S&P 500 on a regular basis. These results are based solely on our weekly research. All our historical data is available upon request.
How we can improve your performance:
Achieve better results in the market by working with an objective third party.
Provide you with sound buy/sell ideas in real-time.
Provide objective feedback on your investment ideas and market outlook.
Contribute profitable ideas to your investment committee (if applicable).
All investment ideas are fully transparent, unbiased, and based on market action, not opinions.
Help create uniformed structure within your organization.
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.
Stocks Jump As Dollar Falls
Thursday, December 2, 2010
Stock Market Commentary:
Stocks and a slew of commodities rallied after the USD fell and the euro rallied as the latest economic data in the US topped estimates and the ECB said it was buying bonds. The market is still in a correction according to outside sources which means a new proper FTD needs to emerge in order to confirm a new rally.
Euro Woes Ease, US Economic Data Is Strong:
On Thursday, the European Central Bank (ECB) said that it delayed its withdrawal of emergency aid and liquidity and bought more government bonds to help allay contagion woes. ECB President Jean-Claude Trichet said he plans to fight “acute” financial market tensions and made it clear that the ECB would actively try to stem the ongoing debt crisis. In the US, stocks rallied after retail sales and housing data suggested the current recovery was on track.
Market Action- Correction Enters Week 3
It is encouraging to see the bulls show up this week and defend the 50 DMA lines for the major averages. Wednesday marked Day 1 of a new rally attempt for the Dow Jones Industrial Average and the benchmark S&P 500 which means the earliest a possible FTD could emerge for those indices is Monday. Meanwhile, the tech-heavy Nasdaq composite and small-cap Russell 2000 indexes marked Day 10 of their respective rally attempts which means the window remains open for either of those two indices to score a proper FTD. Trade accordingly.
Are You Looking For Someone To Manage Your Money?
Our Private Wealth Management Services Can Help You!
Sarhan Wealth Management provides both global macro and equity only consulting services to high net worth and institutional clients around the world. For years, our clientele has participated in the firm’s objective market-based outlook, which has one primary goal: to provide robust trading ideas across all asset classes. Since 2004 we have outperformed the S&P 500 on a regular basis. These results are based solely on our weekly research. All our historical data is available upon request.
How we can improve your performance:
Contact Us To Learn How We Can Help You!
Here are more articles you may like
Общий Обзор Гама Казино
Обзор Гама Казино – основные аспекты и функции игровой платформы Запрыгните на волну разнообразия развлечений,
1xbet Mobil Android Ve Ios Için 1xbet Uygulamasını Indirin, Mobil BaşlanğıcMövsümün ən yaxşı oyunları üçün
Unlim Casino (Анлим Казино) 2024 — Официальный Сайт
Официальный сайт Unlim Casino 2024 — ваш путеводитель в мир азартных развлечений Игровая платформа 2024
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