3 October, 2015 by The TZ Newswire Staff Comments Off on Ford Motor Is Shooting The Lights Out
Ford Motor Is Shooting The Lights Out
3 October, 2015 by The TZ Newswire Staff Comments Off on The World According To George Soros
The World According To George Soros
3 October, 2015 by The TZ Newswire Staff Comments Off on Testing Process Continues
Testing Process Continues
The stock market continues to test underlying support levels formed during the summer. The first chart (below) shows the Dow Industrials holding chart support along the 16,000 level. The second chart shows the Nasdaq Composite holding support along its August 25 closing low at 4500. The last chart shows the S&P 500 testing its August intra-day low. The testing process is likely to continue well into the month of October. So far, those support levels are holding. However, all three stock indexes remain below their mid-September peak and falling 50-day averages.
3 October, 2015 by The TZ Newswire Staff Comments Off on I’m Not Convinced By Friday’s Rally. Are You?
I’m Not Convinced By Friday’s Rally. Are You?
Hello Fellow ChartWatchers!
Friday’s market action is causing quite a buzz in the financial analysis world. After the “meh” US jobs report came out Friday morning, stocks gapped down sharply at the open but then rallied throughout the day and finished up roughly 1.5% (depending on which index you use to track things). The optimists out there are proclaiming that “The Bull Market is Back!” I think that sentiment is very premature. Here’s why:
1.) We are still well under the 50- and 200-day moving averages.