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Objective Analysis: The Ultimate "STOCK" ing Stuffer
A couple of days before Christmas, I went around door-to-door to the offices of my coworkers and serenaded them with this new version of an old, familiar holiday carol:
"Twas two nights before Christmas
When all through the House-ing data
Not a feature story was stirring
That made-a ounce
Of sense."
The inspiration for my song came via the following December 23 news items:
- "US Stocks Rise Ahead of Housing Data" (Reuters)
- "Wall Street Points To Moderately Higher Open" (AP)
- "Stocks Set To Open Higher…Markets are holding onto modest gains ahead of two key housing reports later… At this point, traders have priced in a considerable amount of bad news and now they're just looking for a rally. 'We've got a market that is kind of situated in a place where not even bad news is going to sell it off." (CNN Money)
----- VERSUS ----
- "US Stocks Snapshot: Wall Street Falls on Housing Woes" as the Dow Jones Industrial Average turns redder than Rudolph's nose and ends the day more than 100 points d-d-down. (Reuters)
Any questions?
Bottom line: If a financial market can rise in the face of a certain fundamental one minute, only to come tumbling down the next -- where's the comfort in that?
As for the alternative; namely: Clear and objective analysis of the near-term trend changes in store for the U.S.'s three leading stock markets -- our Short Term Update is just the ticket.
Right now, this week's issues of The Short Term Update present FIVE original price charts of the major indices, including an eye-opening picture of the S&P 500 versus the 10-Day Daily Sentiment Index since April 2007. The message here is clear as a snowflake: The last time the sentiment reading reached today's level, prices took off in one direction.
And, in STU's own words: "The one key point we can say with a high degree of confidence under all scenarios is that the rally from the November 21 lows" undergo a huge development in the weeks ahead.
Get the complete Financial Forecast Service package today.