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Top 10 AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

Stocks Stealth Bull Market Closes At New Dow High

Stock-Markets / Stock Markets 2010 Mar 17, 2010 - 10:48 PM GMT

By: Nadeem_Walayat

Stock-Markets

Best Financial Markets Analysis ArticleThe stocks stealth bull market that bottomed in March 2009 confounded widely held expectations by both the bulls and bears of immediate term price action lower to dissipate its overbought state that has failed to materialise, instead the stock market has broken to a new bull market high by closing at Dow 10,733 (trading high 10768).


The Dow high had lagged other stock indices that had made new highs over the past few days including the UK FTSE, S&P500 and Nasdaq (though not other European indices despite the weak Euro).

Stocks Stealth Bull Market Trend Forecast For 2010 - The Inflation Mega-Trend Ebook Page 82 (FREE Download)

Dow 10,067 - Stocks Multi-year Bull Market that bottomed in March 2009 will trend Sideways during first half of 2010 attempting to break higher. The second half will see a strong rally to above 12,000 targeting 12,500 during late 2010.

DOW Stock Market Forecast 2010

The stock market was / is expected to experience resistance along its 50% axis (10,333) to conclude in a sideways trend for the first half of 2010, the trend off of the early Feb low is showing relative strength against this expectation.

Whilst many (most?) wait for the bear market to resume. my strategy remains for accumulating on corrections into the target sectors (see ebook), so even without a general market correction materialising the strategy is to accumulate on rotating sector corrections.

Stock Market Where Next ?

Double Top? Bearish Elliott Wave Pattern? Overbought? Demands an in depth analysis which will follow in the coming days that will seek to up date the stock market trend expectations following the subsequent price action of the last 6 weeks, to get this and other ongoing analysis in your email in box, ensure you are subscribed to my always free newsletter.

For more mega-trend forecasts across the financial market and implications of the unfolding Inflation Mega-Trend download the NEW Inflation Mega-trend Ebook FREE, which includes analysis and precise forecasts for:

  • Interest Rates
  • Economy
  • Inflation
  • Gold & Silver
  • Emerging Markets
  • Stock Markets
  • Stock Market Sectors and Stocks, including ETF's
  • Natural Gas
  • Agricultural Commodities
  • House Prices
  • Currencies
  • Crude Oil

The 109 page ebook is being made available for FREE, the only requirement for which is a valid email address.

Your stocks stealth bull market accumulating analyst.

Source: http://www.marketoracle.co.uk/Article17970.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-10 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on UK inflation, economy, interest rates and the housing market and he is the author of the NEW Inflation Mega-Trend ebook that can be downloaded for Free. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 500 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

DaveH
18 Mar 10, 13:44
New rally leg

Guess that puts an end to any meaningful correction, breakout across the indices would suggest a new rally leg is under way.


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