WHAT WE DO? WE SELL OPTIONS FOR INCOME. WE USE THAT INCOME TO BUY DIVIDEND GROWTH STOCKS!
CHECK OUR TRADES ON OUR MeWe PAGE!


The stock market is growing, but on weak economic data

Quo vadis? The [tag]stock market[/tag] has been growing since December 8th, 2008 in a modest pace in spite of bad [tag]economic[/tag] data. Are we really at the bottom of this [tag]crisis[/tag]? [tag]Economists[/tag] say, the [tag]crisis is over[/tag], [tag]stock markets[/tag] are bottoming or turning back up, some [tag]stocks[/tag] are forming their [tag]pattern[/tag]s, but is it really over? Is it time to start moving [tag]money[/tag] back to our [tag]investing[/tag] accounts and get ready for new [tag]uptrend[/tag]? Economic data from December 2008 were surprisingly lower than expected, [tag]unemployment[/tag] claims worse than predicted. Some say we are heading to another [tag]financial[/tag] bubble, which will be even worse than all previous (www.weltonline.de) ones.

When taking look at the stock market [tag]chart[/tag], particularly [tag]Dow Jones[/tag], we can see its [tag]modest growth[/tag]. Both indicators – 21 day MA and 50 day MA are turning up. Even though we still can read in newspapers about bad economic data, unemployment rate is at 16-yr high (7.2%), some say that the crisis will continue well in 2009 year and some say that we are ahead another [tag]crisis[/tag], deeper than this one – treasury bonds crisis, the [tag]trend[/tag] holds up.

Dow Jones

When looking at the chart, the market is still holding its uptrend, mediocre one, but still going up in general. Last couple declines could be just a reaction to bad news or it can be a sign of the end of the [tag]rally attempt[/tag]. Let’s see what would happen in upcoming week.

Tip: It is not time to [tag]start investing[/tag] yet. Wait for the [tag]market[/tag] to confirm itself. This rally attempt can still fail next week. I would stay out of the market, watch potential [tag]winning stocks[/tag], add them to a watch list and wait. There always will be plenty of opportunities to [tag]buy winning stocks[/tag] when the rally confirms itself.

Links:

$4.95 Trades + $.65 per Contract – Market or Limit, No Minimums. www.TradeKing.com

Get The Wall Street Journal for 75% off!

TradingSolutions: Financial analysis and investment software that combines technical analysis with neural network and genetic algorithms.

Click Here to get 4 Bonus Weeks of Investor’s Business Daily Digital Edition!


#1 – Learn how to invest in stock, Proven stock market strategy –Discover How To Turn $1000 Into $1,000,000.00 In 5 Years Or Less…Guaranteed! Or Get $50 Cash For Wasting Your Time!





3 responses to “The stock market is growing, but on weak economic data”

  1. Remmy says:

    This market is a joke. I am looking forward to its burst. Stocks are poised to fall!

  2. at the money opitons says:

    I’ve never given this a try, but I think it’s about time I do.

  3. Dow Stock Market says:

    My information about dow stock market get completed after reading this very useful and informative post .

Leave a Reply

Your email address will not be published. Required fields are marked *