News that the Fed will keep interest rates low until mid-2013 sparked a rally on Wall Street today and stock prices finished sharply higher. We have a Bullish Harami Candlestick formation today, so with three yellow lights and a DnDn situation Prudent Investors should not buy stocks at…
A downgrade in the U.S. credit rating by Standard & Poor’s sent stock prices tumbling sharply lower today. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time, but get ready for a serious rebound. Aggressive Investors and Traders should play…
” section of the July 8th, Views reflected concern that, “all was not peaches and cream,” and the poor jobs report had seriously shaken investor confidence. Caution was advised. A long filled body appeared on Monday, July 11th, confirming that the rally had been reversed. Although candlestick analysis worked very well…
Mounting concerns over the global economy sparked a major sell-off today causing the Mighty Dow to shed 512 points, its steepest one-day decline since December 2008. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should…
Despite spending most of the day in negative territory, stock prices rebounded in afternoon trading to finish slightly higher on strength from the technology sector. With three yellow lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play…
A disappointing Consumer Spending report along with concerns over the economic recovery sent stock prices tumbling sharply lower today. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside.Today’s Derby…
Although the Major Indexes started the day sharply higher following news that a debt limit agreement had been reached, stock prices quickly reversed their course and moved sharply lower, but managed to finish the day only slightly lower on weak manufacturing data. With one red light and a DnDn…