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Home Page | Stock Charts | Video Tour | Contact Us | Nov. 2nd, 2009 MARKET OUTLOOK NEWSLETTER This past week stocks fell mainly due to poor economic reports and worries that Citigroup could file for bankruptcy. The one bit of positive news during the week was better than expected GDP growth for the third...
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This past week stocks received most of their lift from positive or better than expected earnings announcements and their downward movement from broker downgrades. While it was good to hear Apple beat estimates, it was more concerning to see Wells Fargo downgraded due to accelerating loan losses. This...
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In last week's blog post at www.precisioninvesting.com/blog and in our weekly newsletter we forecasted this week's high and low on the SPY (S&P 500 SPDR) to be 110.00 and 107.50 for our readers. As you can see in the chart below the high of 110.31 was reached early on Wednesday the 21st and...
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As we wrote in the previous blog post, if last Monday were to break above 105 then we were to look for resistance at 108.25. Monday's close at 105.28 set our outlook for last week at 108.25 which we nearly hit at 108.06 with Thursday's high. Once we hit that high (resistance level) early on Thursday...
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Looking at the VIX (CBOE Volatility Index or "the fear index") you can see a breakout of what has seemed to be the endless decline. After having traded between a tight descending channel from February to August, we are finally seeing a descent break above resistance. This is a great confirmation...
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Investor sentiment seems to have changed during the past week. Throughout August there has been a mixture of positive and negative economic and political announcements, but we are just now seeing a reaction to the negative side where recently it has been completely ignored. This could prove to be the...
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Our continued goal at Precision Investing Group is to provide you with the information you need to place more successful trades in this market. This week we have an interesting study on non-seasonally adjusted initial jobless claims and market correlation. Being a technical analyst I have found that...