It was a short week due to 4th of July holiday and Market continued to inch higher before Fridays jobs report crashed the party. However, earnings season shall start from next week and market should find support soon. Most likely earnings should drive the market higher for next couple of weeks. But DO NOT forget that Euro-zone crisis is far from resolution hence it will be wise to assume that this BULL move may not last for months unless we see concrete actions from Euro officials. For now enjoy the party till it lasts...
Market has been struggling last month to stabilize after experiencing a correction which started in early April. The encouraging news out of Euro-zone saved the day on Friday. European political leaders at least showed some progress during Euro Summit which brought back investors confidence FOR NOW. However, we have yet to see the real action. remember, actions speak louder than words and ONLY time will tell in coming months where we are headed. It seems like we might be starting NEXT BULL move here.... Based on WHAT!!!
7/4/2011 Market turn around.... Is this called breadth thrust! Shall we get in the markets NOW?Read Now Past week markets posted an impressive rally and NYSE was up by 4.91% in a week. As we mentioned again-n-again markets can do whatever they want, all we need to do is to increase our odds of winning by being on right side of the market. How do we achieve this? Remember, its a game of probability...
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