STOCK MARKET COMMENTARY: FRIDAY, October 04, 2013 The market fell last week but closed in the upper half of its range after the US government shutdown for the first time since 1996! The S&P 500 is fighting to stay above its respective 50 dma line but the DJIA broke below it. The Nasdaq Composite and…
STOCK MARKET COMMENTARY: FRIDAY, September 06, 2013 Stocks have been under pressure (pulling back) since early August as a slew of external “fears” continue to plague Wall Street. Here are some of the “fears:” Attack on Syria (will it esclate?), Fed Taper, Lackluster earnings growth, Debt limit, & higher energy prices, to name a…
Friday, January 04, 2012 Stock Market Commentary: Stocks are back in a confirmed uptrend after congress finally managed to put the best interest of the country ahead of their petty bickering. Stocks soared and closed above all near term levels of resistance that have been outlined here several times in this report (50 DMA line,…
Wednesday, November 9, 2011 Stock Market Commentary: The S&P 500 and Nasdaq Composite are back in negative territory for the year after fresh concern spread regarding Italy’s debt woes. From our point of view, the current EU bailout plan- to use leverage & add more debt to a debt crisis- is foolish at best and does…