| Market Outlook | |
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POSITIVE |
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.Bias |
NEUTRAL |
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.BLI |
NEUTRAL |
| Extended Forecast | |
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| Friday- July 3, 2009 | ||
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Market focus-
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MORNING UPDATE- STOCKS TO WATCH PORTFOLIO TRACKER TOOL- FREE TRIAL GET A STOCK QUOTE FROM QUOTE PAGE
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After yesterdays sell off, investors bid shares higher recovering some lost ground What's in a day when stocks can turn and ramp up when almost nothing has changed from day to day other than the Treasury auction. Well they did today after yesterdays selling leaving the major averages higher by 1-1/2 percent. Thursday, May 28, 2009
Unable to hold positive territory, GM and DJIA drags market lower as forecast bias is downgraded Afternoon model downgrades the forecast-bias to negative. Data continues to show stocks slipping further, day-by-day, leaving the way open for a correction. Downgrade of the bias sets the stage for a forecast downgrade to caution as early as Thursday. A caution indicates that chances are increasing that there will be further slip in stocks. Model data Leading Indicator "updated" chart shows the Bulls fighting with the Bears over where this market is to go. It would take several positive days to get out of this. A different look at the Leading Indicator chart shows that this market is prepared to move lower if we don't see some real improvement. Wednesday, May 27, 2009
U.S. stock market gets back on track with an after holiday rally U.S. shares rally Tuesday after long holiday weekend with the DJIA in triple digits and the market higher by 2 to 3 percent. We averted a downgrade of the forecast-bias today when the stock market turned from last weeks mostly negative sentiment, to this weeks improved outlook, with consumer confidence picking-up also contributed to the advance. Tuesday, May 26, 2009
Sour day for Bulls as correction or a pullback gets underway Can't have stocks go straight up as they just might come straight down. Data suggests a correction but a more deeper pullback can't be ruled out. The afternoon model run downgraded the Leading Indicator to negative as data suggests more down days to come. The major indices posted a 1.7 percent loss Thursday. Unemployment chart shows new claims possibly have peaked indicating that- just maybe- the worst is over. It could take months or years before claims reset back to pre crises levels. Thursday, May 21, 2009
Model data shows BLI and Forecast-Bias on the verge of downgrade Stocks turned for the worse Wednesday, late in the session, as investors see little reason to bid shares higher. If Thursday is negative, watch for downgrades of both the Barometer Leading Indicator and the Forecast-Bias. The major indexes fell Wednesday by 1/2 percent, averaged. An updated Leading Indicator chart shows that unless we get real positive soon, we will be looking at a probable pullback OR sideways moving market. Wednesday, May 20, 2009
Optimism returns to Wall Street after selling spree last week A slight pullback last week sees the rally takeoff this week with the major indexes reporting 2 to 3 percent gain. Bad enough last week that the models, Saturday, downgraded the Leading Indicator to neutral as it looked iffy for today weather stocks could continue the upward surge of past months. The forecast continues at positive with a neutral BLI and Bias. Monday, May 18, 2009
Barometer Leading Indicator- BLI- was changed to neutral over the weekend Fridays poor performance, along with days of neutral to negative performance of stocks, has led the way for the Barometer Leading Indicator (BLI) to be downgraded to neutral. This means that conditions continue to get weaker with a probability of further downgrades. The leading Indicator detail chart shows the degradation. If we don't see a continuation of the rally soon (early next week) a deeper slide of stocks (S&P 500) is probable. Saturday, May 16, 2009
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| Market Summary | |
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This section contain a number of things you can do to see if you are ready to invest. |
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There are numerous ways and places to invest. This section will discuss the various investing options that are available to you to invest and how to begin. Also includes stock education links. |
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Stock research tool. If you are going to buy/sell/hold a stock, use this tool to make a better informed decision.
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