|
 |
|
|
 |
 Securities Operations Forum has a special arrangement with Wall Street Strategies to provide access to this daily market commentary for free to SOF users. WSS provides independent investment advice and is not affiliated with any broker or underwriter. To receive a free personal email with the daily commentary, subscribe here.
|
 |
 |
 |
 |
| 2009-06-09 01:38 |
MARKET TRIES TO SHAKE OFF BAD ECONOMIC NEWS...AGAIN
|
|
NEW YORK, NY Once again, the market finds itself in a tug of war as investors try to find
some good news. Indeed, it has become so much more difficult to get fence-sitters to take the same old bait. But, that may not be the biggest problem
today as there really hasn't been any good news. From that perspective one could argue that this is a great session as the major indices continue to
man-up and put on a brave face. Or, maybe, someone read the latest economic data and saw a glimmer of hope. The latest inventory report is out and it
painted a picture of freefalling demand as the sales figure continues to sink like a stone. Inventories declined a bit, but the inventory to sales
ratio was still 1.31 versus 1.32 month over month. In the meantime, sales slipped to $309.352 billion from $310.723 billion month over month.
The market is still edging higher. Look for
the NASDAQ to continue to lead the way. There is serious resistance at 1,890.0, and then after filling the gap, at 1,960.0. Once that happens the
exchange could make another big leg higher.
|   
| Delivery, and or timely delivery of Internet mail is not guaranteed. Wall Street Strategies
therefore recommends that you do not rely on email as your sole method of communication with us. We recommend using your company email address or one
issued to you by your Internet Service Provider. Free web-based email accounts like Hotmail and Yahoo are not advised as they are subject to quotas,
filters and frequent delays.
Disclaimer: All investment entails inherent risk. Wall Street Strategies' research seeks to assist investors in
determining when to buy and when to sell to attempt to maximize profits or minimize losses. All final investment decisions are yours and as a result
you could make or lose money. Wall Street Strategies, its employees and/or its affiliates and family members may from time to time take positions in
the open market or otherwise with respect to the securities discussed. Wall Street Strategies, its employees and/or affiliates do not have stock
ownership equal to or greater than 1% of the outstanding stock of the covered company nor does any employee of Wall Street Strategies sit on the Board
of Directors of any covered company. Wall Street Strategies is not a broker/dealer, and the firm does not underwrite securities, manage assets or
perform investment banking activities. The statements made herein include information obtained from sources believed to be reliable, but no
independent verification has been made and we do not guarantee its accuracy or completeness. The statements made herein contain general information
and do not constitute an offer to buy or sell any security.
61 BROADWAY SUITE 1425, NEW YORK, NY 10006 Tel: 212-514-9500 Fax:
212-514-9582
|
 |
Disclaimer: Securities Operations Forum is providing this research to assist investors in determining when to buy and when to sell. All investment decisions are yours and as a result you could make or lose money. Securities Operations Forum, its employees and/or its affiliates and family members may from time to time take positions in the open market or otherwise with respect to the securities discussed, but not have stock ownership equal to or greater than 1% of the outstanding stock of the covered company nor does any employee of Securities Operations Forum sit on the Board of Directors of any covered company. The statements made herein include information obtained from sources believed to be reliable, but no independent verification has been made and we do not guarantee its accuracy or completeness. The statements made herein contain general information and do not constitute an offer to buy or sell any security. |
