Mar 28, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

David Rosenberg - Getting More Worried, Not Less About The Stock Market

Posted: 28 Mar 2010 11:01 AM PDT

The paragraphs below come from David Rosenberg, chief economist and strategist of Gluskin Sheff & Associates. Yes, he has been bearish too early during the cyclical bull, but that should not preclude one from paying close attention to his very thoughtful comments below.
“For the first time in this year-long bear market rally, the S&P 500 has not endured a daily decline of at least 1% over a one-month time frame. January was no more than a hiccup and has seemed to have emboldened … [visit site to read more]


Review Of The Dow, Shanghai Stock Exchange And Hang Seng For The Week Ended 26 March

Posted: 28 Mar 2010 10:01 AM PDT

Dow Jones

Dow Jones has broken through previous high of 10728 and continued its advance last week. However, last two sessions seemed to indicate that the Dow is having difficulty to breakthrough as evident from the Doji formation on two consecutive session. MACD and Acc/Dist also show some signs of weakening but the index is still very strong as it is trading above the 13,26D MA. I shall see if the index should pause for a breather here by retracing back to its 13,26D.

Hang … [visit site to read more]
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