EQUITIES Magazine: “No Break-Out or Fake-Out Yet”
Featured in Richard Suttmeier’s Stock Strategies Blog on EQUITIES Magazine Website
In the latest entry of his Stock Strategies Blog, “No Break-Out or Fake-Out Yet”, Richard Suttmeier analyzes the frustration behind the lack of break-out or fake-out, specifically the lack of decisive breakout in spite of the new highs for the Dow, S&P 500 and the NASDAQ. Further, copper and crude oil do not display any clear signals, depite the new dollar low.
While copper and crude oil have managed to maintain a moving average, they must get above their 200-week averages to prevent making a mockery of the global growth story. Fed minutes show Fed’s concerns-most FOMC members are concerned that labor remains weak. The NBER will not time stamp the end of Recession until labor conditions improve, and Suttmeier suggests that Americans adjust to a lower standard of living.
To continue reading this post and to read other entries of Richard Suttmeier’s Stock Strategies Blog, click here.
About Richard Suttmeier:
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter cover The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four in Four video is available on forextv.com.
About EQUITIES Magazine:
Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
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