General Market Outlook: As mentioned in last week’s brief Interim Report, the market staged a follow-through day on Tuesday December 20th, the 17th day after its first rally attempt. (Please see the Interim report 12/20/21). We remain optimistic but cautious especially since Wednesday the following day, December 21, the Nasdaq suffered from a higher volume selling day (distribution day).
Archive for December 2011
In the Know: Interim Report 12/20/11
General Market Outlook: The Market staged the elusive follow-through day today, the 17th day after its first rally attempt. Both the SP 500 and the Nasdaq were up more than 3% on increased volume. Proceed with caution on the long side as this is still a headline driven volatile market.
In the Know: 12/18/2011
General Market Outlook
The Market is still in a correction, and this week’s action makes the chances for a follow-through more elusive. Indications are that funds are selling into the rallies, and this is still a headline driven volatile market.
This post looks at: HIBB, RAX, BWLD, MA
Market Condition: ↓ In a correction attempted rally failing
In the Know: 12/11/2011
General Market Outlook
The Market is still in a correction, and we are still waiting for a follow-through day which would confirm serious institutional commitment of money into the market. Any new market rally (as past sustainable rallies) needs this type of institutional support to have some staying power.
This post looks at: DG, GNC, CXO, GPOR, CJES, MA, V, UA, RHT, TCBI, SBNY, BWLD
Market Condition: ↓ In a correction attempting to rally
