stock market
Will the market break above the 200 or below the 50?
Right now the S&P 500 is wedging between the 200 and 50 period moving averages (MA) on the daily chart. I think a sustained break above or below will be the tell on how the market will behave throughout the summertime. Right now, I have a bias to the downside and believe [...]
Saturday March 28th, 2009
Markets have rallied strong up until now. Time to see some pullback in the markets for the rest of the month. Starting April 1st however, we will see even stronger movement to the upside going through April 15th.
Tuesday March 10th, 2009
So it’s finally mid-March and today is the first day of the rally that will last for a couple of months. Today we purchased some MasterCard, Google, Potash, and Wells Fargo for our Portfolio. This market will pullback so purchase any positions on pullbacks. The news that will come out over the [...]
Sunday February 22nd, 2009
The Dow Jones Industrial Average broke to new lows this past week along with the financial sector. This does not look well for the broader stock market. February is historically a weak month and it is turning out to be such. We are looking for a strong bear market rally to start [...]
