SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.21-1.1%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Terry Whitman who wrote (37322)1/12/2000 11:15:00 PM
From: StockOperator  Read Replies (2) of 99985
 
The broad market indices are running right into support levels here. I would watch what happens the rest of the week. If these levels are to hold the markets should begin to firm heading into the end of the week. The government report released tomorrow (I've forgotten which one) should have an impact on an already nervous bond market. Rates have completely blown through my last major long term trend line. I am obviously looking for some type of reversal as we head into the Fed meeting. If we do not get one soon we may indeed be heading into a more inflationary phase in our economy. I still have my doubts, however, it is never a good idea to fight the obvious directions in prices. Besides the broad market avgs many of the individual stocks that I track are also sitting on long term support lines. Keep an eye on the ebrokers - they are hanging on a thread. Also watch the action in the linux stocks. Some of the ones that I follow have interesting price action. Stocks like EPLS and NSPK are at "do or die" positions. They should start to break any day now (one way or the other).

Despite the volatility this bull market is still on track. Friday's close will be important.

Good trading.

SO
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News