Scott MartindaleThe resolution of uncertainty last week around the elections and FOMC announcement allowed the market to release some pent-up energy and finally break out of its consolidation pattern. After the normal head fakes in both directions, it rallied hard such that the S&P 500 reached a 2-year closing high.

07
Nov
2010

Stock World Weekly

The latest Stock World Weekly Newsletter summarizing the events of last week and discussing next week is now available on the Weekly Newsletter page, here

ilene / Tag: BERNANKE, commodities, economy, inflation, prices, QE2, stock-market, stocks / 0 Comments

Scott MartindaleThe market continues to dwell in a zone of consolidation in a virtual tug-of-war between the bulls & bears. Bears think the market needs to prove itself by testing key support levels and working off its overbought technical indicators.

Scott MartindaleLast week ended with a thud as concerns about the Financial industry's foreclosure processes put a damper on the party that Google was trying to throw for everyone.

Scott MartindaleThe market continues to defy gravity, and every small attempt by the bears to push it down – even in this moderate-volume trading environment – is swatted aside like a pesky mosquito and limited to one-day non-events. And now the market has its sights set on new 2010 highs, and it might just get there before some much needed profit-taking and support-testing sets in.

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