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Short-Term Trend 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... -
All is Well – Market Update August 19, 2009
Posted on August 20, 2009 | No CommentsIt doesn’t take much to change the sentiment of the mass media covering the stock markets. Monday, the word on the street was that we would retrace back to our March lows. The trend had broken and traders should be ready for a precipitous fall. ... -
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... -
Weekly Market Update: August 15, 2009
Posted on August 15, 2009 | No CommentsThe markets saw their first weekly loss in a month. While this has caused much concern among the investing community, it is important to remember that the “trend is your friend.” As it stands now, the uptrend that is now in its sixth month remains... -
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...