Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 17th of September.
Looks like it's the same ole news coming out of Europe.
A meeting of European Union finance ministers in Cyprus over the weekend resulted in a deadlock over how the region plans to combat the debt crisis, with leaders unable to work past their differences on a banking union, the role of the European Central Bank and the conditions of bailout requests.
Corporate earnings are also weighing on the markets today. Earnings are expected to fall short of expectations in the third quarter and then stage a a fairly dramatic turnaround the rest of this year. Some analysts believe the rebound will last into 2013.
Now, let’s go to the charts and our Trade Triangles and see what’s happening.
Every Success,
Jeremy Lutz
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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I am a new trial member...had jazz at 44ish last weekand sold today at 56 on the pop this am...yet trade triangel triggered a mo signal today at 50 ish...isnt it too late to get at todays big rally and wait for a pull back?? or look for a better entry on another stcock as this already made a move.
I would wait for a pullback before entering.
Best,
Jeremy