Or is it another bounce? Today the [tag]market[/tag] entered into another [tag]rally attempt[/tag], fourth in a row. The market rallied on a new [tag]bank[/tag] [tag]bailout[/tag], which I personally do not like. Banks are receiving excessive monetary help, but can any of you experience any improvement? Did your [tag]interest rate[/tag] go down? Would you be able to get a new [tag]loan[/tag] recently? I talked to couple architects and developers and mostly their response was, that even though they have a very good [tag]credit[/tag] and they have good businesses, banks are reluctant [tag]lending money[/tag]. So what are they doing with the help they received? Buying new Jets?
Nevertheless this may be an impulse for the market propelling upwards and stimulate new growth, even though I am quite suspicious that such bailouts would help to start a sustainable trend.

All [tag]indexes[/tag] are still below their [tag]50 day MA[/tag] and far below [tag]200 day MA[/tag] indicators. It still is not the right time to [tag]start investing[/tag]. I am still waiting in [tag]cash[/tag] for the next move, watching the market, [tag]stocks[/tag] and [tag]saving money[/tag] for future confirmed rally. There are no stocks, which would fit my picking criteria anyway.

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The [tag]stock market[/tag] seems to be bouncing at the bottom. When looking at the [tag]chart[/tag], the stock market failed two [tag]rally attempt[/tag]s and it seems like it cannot fall through its virtual [tag]support line[/tag]. Is it really a bottom, from which the market would be able to jump up? Or is it just bouncing like a ping-pong ball on the table just to fall further down over the edge of the table?
Let’s see what the next couple weeks bring us.

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The [tag]stock market[/tag] opened down, continued its downturn all day and counted its sixth [tag]loss[/tag] in a row. Bad [tag]economic data[/tag] slashed the [tag]rally attempt[/tag] to dust. Are we heading below 8000 points?

The last [tag]rally[/tag] was mostly led by weak [tag]stocks[/tag] on low [tag]volume[/tag]. Leaders were lacking to [tag]breakout[/tag] from their bases and if it happened those breakouts failed anyway.

Tip: Bad economic data are sinking the market. We are in [tag]correction[/tag] again and it is not time for [tag]investing[/tag]. The best approach in the market like this one is to stay aside, open no new positions and wait in [tag]cash[/tag] until the market confirm itself in a [tag]new rally[/tag].

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.

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.