Scoreboard
Primary Trend = UP
Intermediate Trend = UP
Short-term Trend = UP
NOTE: I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
Richard Russell’s PTI = BULLISH
Facts & Interesting Items
· U.S. Stocks Have Biggest September Gain Since 1998 on Rate Cut
· The S&P 500 gained for the 5th straight quarter
The Bottom Line
The Fed helped stocks with a .50% rate cut in September. Since then, stocks have clearly been trending up. How will Q4 unfold? I only wish I knew! However, at the moment the market is clearly in a bullish trend and this market is favoring the large cap blue chip stocks. The DJIA is only 0.7% below its record close of 14000.41 set on July 19th. This should be an interesting week as we watch and see if the DJIA will break through and hold above the 14000 level.
Just had to leave a comment and let you know that I enjoy reading the posts in your blog.
I’ve just recently started to invest in the stock market. It’s definately more fun than other types of investments.. maybe because in some ways it’s also riskier.
I found a website that sponsors free trading tournaments so that I can practice my theories.. can’t do that with Real Estate.. and I’m having a blast!
I’d be honored to have you join me there and check it out. I started a blog that shares all the news about the site and you can learn more about it there. It’s called bigsmarty.blogspot.com
I hope you will forgive me for sounding like a commercial but I really think you would enjoy it too.
The cool thing abt these tournaments is that they are FREE to join but they pay real cash prizes. Most of them pay $1000 for 1st place, so it’s fun and it’s for cash! And there’s usually only a small number of participants.
Check the news on my blog and join me in a tournament by registering through the links there (or here).
And keep up the great work on your blog.. I really like it!