Thursday Outlook: Stick Save

Things looked a little shaky in two-way action; but Da Boyz stepped-it up late to save the day. It didn’t take much ammo to put on their little show since volume is declining faster than US capitalism.

Volume was anemic as stated while breadth reversed course in a positive manner.




















































































Go to page 2 - Commodities, Global Markets >>

Comment on this article >>

Comments

[Moon Kil Woong:]

It is nice to see the technology sector moving up. It is the only real indicator to me that shows real promise of a real recovery. The market must expand into a growth segment that will provide future jobs. The financial sector rally doesn't fit either criteria.

Avoid the fabrication and look at the facts.

Apr 09 10:49 AM

[Gary Gallo:]

Big Government manipulated rally. Nothing toxic, all good, so the rumor goes. As many on this forum guard against 3X etf`s for buy and hold the FAS has risen 370% from the bottom! Really under 5.00 these things are a no brainer. Your stop is the small price you pay, and yes Sally they can go to the moon. (posted my buy at 3.71}

Apr 09 04:19 PM

[Conan the B...:]

Spy will take out 880. When the Bull returns, all of the short term downtrend lines are broken.

But this is just a reality check for the New Bull market, a shot across the Bow to remind the Bears that they can be had.

Sell in May and Go away?

I still would expect another Bear punch down in May after the move above 880. (666 to 906, 50% or so correction or back below 800 but with the oct./nov lows holding). With the Financials closing Thursday's up gap.

The Bears will growl again.

Apr 11 02:21 AM

[traderjim:]

Just reading all I can and learning.

Apr 13 08:49 AM