Featured in Richard Suttmeier’s Stock Strategies Blog on EQUITIES Magazine Website
Richard Suttmeier’s latest post,” Stock MOJO Shows Some Negative Divergences”, explores weekly charts for the Dow, NASDAQ, Transports, and SOX. Suttmeier analyzes key levels that influenced Thursday’s stock stability and the daily charts that show double tops on Transports, Russell 2000 and SOX.
The information provided indicates that stocks will remain firm next week through huge Treasury supply, weak consumer confidence, and weak new home sales will continue as third quarter GDP hits 4% in it’s Advanced reading next Thursday morning. This means, buy in anticipation and sell on the news.
To continue reading this post and to read more of Richard Suttmeier’s Stock Strategies, click here.
About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
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 covering 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.
