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May 6, 2011: Market Summary

Posted 05-08-2011 at 05:30 PM by ChartAdvisor

We mentioned last week that the markets were vulnerable to a shakeout after the near-vertical rise from the past two weeks, and shake out they did. After news of Osama Bin Laden's death induced a gap higher on Monday, the markets reversed and headed lower all week. Friday did see a gap higher following a better-than-expected jobs report, but the markets eventually gave up a large part of those gains. Commodities were hit hard this week too, as silver and oil were decimated. Part of our concern the...
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Posted in Stocks
Views 350 Comments 0 ChartAdvisor is offline
Old

The Weekly Report For May 2nd - May 6th, 2011

Posted 05-02-2011 at 01:24 PM by ChartAdvisor

Commentary: After last week's bear trap was set, the market slowly applied pressure to the bears by logging four straight positive days to close out the week. When the past two weeks are taken into account, the general markets have really been positive almost every single day and have pushed to multiyear highs. There can’t be any doubt that the markets have broken out of their prior bases and other than the low volume, the markets are showing impressive strength. The markets are already overbought...
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File Type: png qqq-04292011.png (13.8 KB, 39 views)
File Type: png iwm-04292011.png (12.9 KB, 37 views)
Posted in Stocks
Views 508 Comments 0 ChartAdvisor is offline
Old

Retail Stocks Showing Strength

Posted 04-29-2011 at 12:20 PM by ChartAdvisor

Tickers in this Article: ANF, ASNA, BBBY, BKE, JOSB, ROST, TJX

With the markets running to new highs earlier this week, it’s no surprise that many individual stocks are also moving higher. When scanning the list of stocks that have been acting well, one group has been at the forefront for weeks now. The retail group has had some great breakouts in many individual stocks such as TJX Companies (NYSE:TJX ), Buckle (NYSE:BKE) and Bed Bath & Beyond (Nasdaq:BBBY). Following their lead...
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File Type: png anf-04272011.png (10.9 KB, 23 views)
File Type: png josb-04272011.png (11.1 KB, 22 views)
Posted in Stocks
Views 442 Comments 0 ChartAdvisor is offline
Old

Are Individual Stocks Leading The Indexes?

Posted 04-25-2011 at 07:58 PM by ChartAdvisor
Updated 04-26-2011 at 07:55 AM by TheNegotiator

Tickers in this Article: DOV, FISV, IDT, TIF

One of the benefits to reviewing hundreds of stock charts each night is that I can often see patterns developing across multiple charts that provide insight into where the markets are. One of the current themes I am seeing develop across multiple sectors is that many stocks are close to testing the top of their current bases. This is interesting because the major index ETFs are lagging this price action. This could be due to certain component...
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File Type: png idt-04192011.png (11.7 KB, 34 views)
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File Type: png dov-04192011.png (11.2 KB, 31 views)
File Type: png tif-04192011.png (11.1 KB, 25 views)
Posted in Stocks
Views 459 Comments 0 ChartAdvisor is offline
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