Where To Next?
April 12, 2007
The stock market has been remarkably resilient these past weeks considering we had the equivalent of a global mini-crash only six short weeks ago. So what happens today, Friday the 13 th, as well as in the week following?
The stock market is signaling that a huge move is about to occur. The S&P 500 Index (SPX) is only about 1% from new rally and yearly highs. The Nasdaq Composite (COMPQ) and Russell 2000 Small cap Index (RUT) are about 2% from new highs. The NYSE advance decline line is just a small fraction from achieving new highs.
Don’t let Friday the 13 th worry you. Don’t let the market pundits worry you. The stock market has new highs in its very near future.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Go to previous Trading Notes.
Note: These "Trading Notes" are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.
© Copyright 1996-2007, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed without permission.
Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
