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Head and Shoulders Archive
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Market Update – September 6, 2009
Posted on September 6, 2009 | 1 CommentI’ve repeated the mantra the last few weeks, “the trend is your friend.” The media is abuzz about the current market rally. “Will it continue? Yes.” “Will we have a correction? Yes.” “Will we retest the March lows? Yes.” If you follow the media, you... -
Doom and Gloom – Market Update 17 August 2009
Posted on August 18, 2009 | No CommentsDoom and gloom dominated the airwaves over the last two trading sessions. With the major indices down for the first week in a month last week and a nearly 3% selloff on Monday, the fickle media is hailing the re-emergence of the bear market. That... -
Market Update: July 15, 2009
Posted on July 15, 2009 | No CommentsThe markets continued their rallies, today. While the S&P 500 still remains in its two month trading range, the NASDAQ Composite broke above a flag pattern – a bullish sign. -
Weekly Market Analysis: July 6-10, 2009
Posted on July 12, 2009 | No CommentsThe markets showed resilience through the end of the trading week. Despite an initial breakdown on Monday and Tuesday, the bears were unable to strike down the bulls as the week progressed. The S&P 500 did break the neckline of the head-and-shoulders pattern, but found... -
Market Update: July 9, 2009
Posted on July 9, 2009 | No CommentsThe stock market continues to show indecision as the major indices closed only fractionally higher today. All major indices closed up, but we continue to be in a wait-and-see pattern to determine the market trend. -
Market Update: July 8, 2009
Posted on July 8, 2009 | No CommentsThe markets staged a late day rally, today. The DJIA and the Nasdaq Composite closed higher, today… albeit only slightly. The S&P 500 tried, but was unable to close to the upside. Despite today’s action, there is no significant change to the near-term outlook.