Beverly Hills 1/9/2010 1:57:26 AM
News / Business

Financials Lead Broader Market Higher

Mark McMillan’s Special Situations blog, EQUITIES Magazine

Market strategist Mark McMillan, fresh of his CNBC appearance and new to the EQUITIES team, gives his trade recommendations for the day as well as his predictions for the time ahead.

“Thursday’s session saw the Leading Indexes give up their uptrend states and shift into trading states. The Banking indexes are trying to lead the markets higher as the Regional Bank Index (KRE) joined the Bank Index (KBE) in an uptrend state. Both look overbought and KBE signaled a move lower, but the uptrend state means that such a move might not be lasting…”

To continue reading this post and to read more of Mark McMillan’s Special Situations, click here.

About Mark McMillan:

Mark McMillan entered the world of finance to solve the problem of why and more importantly when the markets will go up and down. He developed a behavioral model to understand what is really happening in the markets and uses it to time the markets. He also uses fundamental research to determine valuations for companies. He combines the behavioral and value strategies along with macro-economic analysis to build a portfolio with both long term and tactical positions.

About EQUITIES:

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

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