Friday, July 27, 2012
Market Breaks Out to the Upside
In Olympic style the market finished the week with a perfect 10 – breaking above recent resistance after holding support at its 50 day moving average. With the level of bearishness among individual investors palpable – the market once again scored a victory breaking above recent resistance. Next week may be a different story after the Fed announcement on Wednesday. Find out more Next Week on Wall Street…
Friday, July 20, 2012
The Rally Contiues
This week the stock market was a mirror image of last week. Stocks rallied early only to close down big on Friday. Earnings season will be in full swing with only light economic data coming. Spain and China will also remain in focus. Find out more Next Week on Wall Street.
Friday, July 6, 2012
“Earnings – Surprise or Demise?”
This week Jerry reviews the short lived market reaction to the European bank bailout plan. Finland’s veiled threat to pull out of the European Union’s Currency markets and the recent poor economic numbers released domestically. The main focus after this holiday shortened week will be on the beginning of earnings season. Will the lowered expectations lead to upside surprises or did the second quarter cool even more than expected which could lead to the near term markets demise. Find out more – Next Week on Wall Street.
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