Tag Archive | "Breakdown"

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The Stock Market Reversed on Negative Bailout News

Posted on 12 December 2008 by Jmartin

Monday December 8th, 2008

Market Commentary by: Jason Martin CMT, CFP
The market started the day loaded with negative news. With the Bailout package failing and the corruption case pending in Illinois. The one bit of positive news today is that retail numbers came out higher than expectations the market reversed from a negative open to close in the green.

Chart Provided by: Stockcharts.com

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The Nasdaq Aproaches Resistance

Posted on 10 December 2008 by Jmartin

Monday December 10th, 2008

Market Commentary by: Jason Martin CMT, CFP of Allgen Financial Services, Inc.
Market had a chance to brake support which would have been a negative, but the market was able to hold support and close positive. Basic Materials lead the way.

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Short Term Up Trend Confirmed

Posted on 08 December 2008 by Jmartin

Monday December 8th, 2008

Market Commentary by: Jason Martin CMT, CFP

Today a short term up trend was confirmed. The market went higher on news of the automobile bailout plan; moreover, more details came out over the weekend from the Obama administration regarding the stimulus package.

Chart Provided by: Stockcharts.com

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Reversal Day in the Market

Posted on 05 December 2008 by Jmartin

Friday December 5th, 2008
The market started negative on bad economic news, but reversed to close the week at a high point. Growth Sectors lead the way higher.

Market Commentary by: Jason Martin CFP, CMT

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Constructive Action

Posted on 03 December 2008 by Jmartin

Jason Martin CFP, CMT

Chart provided by StockCharts.com

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