Monthly Archives: November 2011

Weekly Summary and Next Week Condition: Cautiously Bullish

Posted on November 19, 2011 by admin

Schaeffersresearch.com: Cautiously bullish.  This week’s market action was driven mostly by the negative headlines from Europe, ignoring all the better than expected economic news from US.  The market appears to be trading in a new range: SP500 1220 – 1280. … Continue reading →

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Market condition: bullish

Posted on November 12, 2011 by admin

Schaeffesresearch.com: “Technical speed bumps remain overhead, and headline risks linger, suggesting hedging is still a prudent strategy. But a breakout above resistance levels could be very rewarding for bulls, as short-covering activity and an abundance of sideline cash could provide … Continue reading →

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This week’s weakness may be a good chance to play catch up.

Posted on November 1, 2011 by admin

ChartAdvisor.com believes the trading pattern has changed and it’s set up for a year end rally.  Near term the markets are overextended, ready for a pullback.  Those who missed the October rally may want to jump in to catch the last … Continue reading →

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