We will be taking a short few week hiatus, but do not fear, we will be back bigger and better than ever.In our return you can look forward to…– More In depth Market Commentary– Detailed entry and exit of trades– and Video Watchlists and Chart AnalysisTa Ta for now…Happy Trading!
Last week created a strong argument for the bulls as Bernanke said the economic outlook may be strengthening. We will be watching the 934.85 level on the S&P as it is the Year-To-Date high. The Russell is also close to breaking its YTD high, the Dow has a good 500 points to go. This week marks the 6th week of the NASDAQ sitting positive on the year at +10%. The S&P and Russell going positive on the year in week…
Potential market movers in the week to come are…· Mon: Ben Bernanke Speaks 6:30 PM ET· Tues: International Trade 8:30 PM ET· Weds: Retail Sales 8:30 AM ET· Thurs: Producer Price Index 8:30 AM ET· Thurs: Jobless Claims 8:30 AM ET· Fri: Consumer Price Index 8:30 AM ET· Fri: Industrial Production AM ET· Fri: Consumer Sentiment 9:55 AM ET OPTIONS EXPIRY MAY 15TH! Next week we will be watching the market action at the S&P 934.85 level. If you aren’t…
Stocks to watch this week are… ARST, MANT, MGLN, OSIP, NAT, NS, PEGA, QSII, RVBD
The month of April was the real first sign of bullishness in quite some time. This was the first month of the S&P making a new monthly high this year and only the 6th positive month since the market’s high in October of 2007. Any up moves from here on out will have quite a bit of support and resistance from the yearly, weekly and daily perspectives so don’t forget to pull out when you are drawing your trendlines in…
This week’s internals show the indecision and sideways action that we talked about in last week’s forecast. This is due in part to being at a key inflection point where bears are looking to short and bulls are looking to break and move higher. As we continue to sit in the middle of the up channel, watch for the S&P, Dow, NASDAQ, or Russell to break to the upside or downside.
Potential market movers in the week to come are…· Mon: Pending Home Sales 10:00 AM ET· Tues: Redbook 8:55 AM ET· Weds: ADP Employment Report 8:15 AM ET· Thurs: Jobless Claims 8:30 AM ET· Thurs: Productivity and Costs 8:30 AM ET· Fri: Employment Situation 8:30 AM ET Ben Bernanke Speaks at 10:00 AM ET on Tuesday. The bank “Stress Tests” results have been moved up to Thursday, May 9. The stress tests are a government exercise to help regulators get…
Stay tuned for future updates and the return of weekly chart analysis and soon to come…video watchlists! Until then, here’s the idea’s for this week. There were very few stocks with showing our entry signal so here are a few to keep on your radar and awaiting a good entry point. AAN, ARST, CPN, CPSI, CYOU, HANS, MVSN, ORLY, PTRV, QSII, TECHWeek 18 RecapProfitable:QSII broke out and setting up for yet another entryCPSI broke out nicely Still Waiting:ARST still waiting…