The caution is flag is out again, as today's weakness is putting pressure on the Seven Sentinels. It was a relatively slow news day, so I'm going to go straight to the charts: Today's weakness has taken NAMO below the neutral line, while NYMO remains above it, but not by much. Both remain in a sell condition. NAHL and NYHL are also flashing sells. The 6 day EMA here suggests ...
Stocks and bonds moving together - Stocks opened higher yesterday after the emotional news of the death of Osama bin Laden. These emotion driven market moves tend to reverse quickly... Market Commentary for 5/03/11 Current Daily Market Commentary
There was a media blitz today, that centered on a long awaited storyline. That being U.S. forces finally finding and killing Osama bin Laden. Early on it appeared the market would react very positively to the news as futures were up moderately. And while stocks did gap higher initially, they didn't rally into the day. In fact, before noon EST stocks began to drift lower, settling into listless trading above and below the neutral line. By the close the major averages posted modest to moderate losses, ...
Trend positive - seasonality negative - Stocks rally on Friday closing another positive month for the stock market. The Dow gained 47-points on Friday... Market Commentary for 5/02/11 Current Daily Market Commentary
The Top 50 adds to its stock allocation for this coming week, while the Total Tracker shows the herd is playing it safe. Our sentiment survey is on a hold (S fund) for the new week. Here's the charts: The Top 50 are over 80% allocated across the C,S, and I funds, with the S fund understandably the fund of choice. The Total Tracker showed ...
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