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 Weekly Market Analysis Most stocks follow the general market trend. They tend to rise in price when the DOW, Nasdaq and S&P climb. They tend to drop in price when the markets fall, therefore to be a succussful "odds trader", it is vital to be aware of current market strength and direction. The Stock-Signal-Pro Weekly Market Analysis helps you stay in tune with market technicals for more precise and profitable trading. |
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Markets Climb Higher With Strong Close On Friday Despite rising oil prices the markets had a very stable week with strong ending going into Friday's close. The DOW has near-term resistance above at 10,660 level. The Nasdaq's next level of RESISTANCE is 2,100. The S&P has resistance roughly at 1,220. All three markets trading ABOVE their 200-Day moving Averages. 
What To Expect This Week Market Bias for this week is NEUTRAL. There may be follow through momentum going into Monday's open, however with the price of oil nearing $60 a barrel and the markets sitting just under resistance levels, Monday is likely to see a down move in the markets. Many excellent trading setups develop during all market conditions in strongly trending stocks that are picked up by Stock-Signal-Pro's new market scanner. See: Using The Scanner To Locate High Momentum Stocks The markets can go either way this week. Market Bias For Monday's Open 
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Monday June 20th - Current Market Analysis - 