Stocks Move Higher Today As Leaders Showing Signs Of Strength
The markets are now in a confirmed rally. Although the best time to see a follow through day is between the 4th to 7th days of the rally attempt, we will take what we can get. The signs of strength among the markets top leaders are promising. Here we can see GOOG […]
Stocks Keep Their Gains Amidst Housing Data
The major indexes have managed to hold onto their gains today after housing data showed an increase in new home sales of 1.7% for the month of October. There is also the hope of a Fed Rate cut on Dec. 11th that is helping to drive this market. The market leaders continue to […]
Stocks Rally Continues Today Showing Signs Of Strength
Stock were up in all three major indexes yesterday. Leading stocks also showed significant price advances on heavy volume. AAPL, BIDU and RIMM are showing support at the 50 day moving average. GOOG looks like it may be forming a cup with handle base. It is important to watch the leading […]
Now Is Not The Time To Buy Stocks
Why get involved in the market? Some people think being involved in the stock market is like gambling. Of course these people would be misinformed. It is no secret most people lose money in the stock market. That is because most of these people watch CNBC and hear some analyst tell […]
IBD calls for confirmed rally, Big Ben hints at rate cuts
The most likely scenerio, the bulls will run with the hope of more FOMC target rate cuts. Wednesday’s action proved that when stocks soared on big volume. Thursday’s action was an excellent day to see the market stand still on lower volume. The market simply can not go straight up, you like to see days […]
Day 3, Stocks Soar on Hopes
Volume swelled as traders cheered Kahn’s comments about another possible FOMC rate cut. Although this V-shape move is more severe than in Aug we still can not fight it. Day 11 of the attempted rally is when the FOMC will announce its cut. That is, if we don’t get a surge on one of the […]
Stocks Rally with Volume, Day 1
Tuesday’s trade marked Day 1 of an attempted rally. During this current Market Correction traders have not been able to sustain more than one day of any attempted rally. It is important in order for a new confirmed rally to work that we get accumulation. Yesterday’s trade was the start of that, albeit volume was […]
Stocks Can’t Hang Onto Gains, End Badly
Upbeat news out of the US retailers had stocks poised for a higher open until more credit concerns swooped in. The rally on Friday now looks more like a short covering rally than any type of accumulation. Market participants simply do not want to accumulate stocks and are waiting for another moment in time to […]
And so Sellers take out this mornings rally!
So much for a rally…VIX not confirming this move down. I still see more downside for a general trend.
Watch for rally…
There are far too many bears in the woods. AAIIBEAR index hit 52.71%, very high for the short term. Watch for stocks to rebound using Friday’s trade and upbeat news from retailers from this past weekend.
I was at a mall Saturday around 11am. I was able to park with ease, walk around without trouble and […]
