|  |  |
|
 | Hurricane Damage | | | |
| Jason Cimpl on the Rally | | | |
| Monetary and Fiscal Stimulus? | | | |
| | Fellow Investor,
So, let me start today by offering my apologies if you had difficulty getting Daily Profit or any of our other letters yesterday. The Wyatt Investment Research offices in Vermont were inaccessible. Here's a photo tweeted by WPTZ NewsChannel 5's Jill Glavan yesterday:
That's exit 11 off highway I-89 to Richmond, Vermont. We're used to getting around on skis, snowshoes and snowmobiles. But boats? Not so much.
I'm grateful that none of my staff suffered any major damage or injury, and I certainly hope Daily Profit readers were spared anything more than inconvenience.
Now, let's get back to business.
I asked my colleague over at TradeMaster, Jason Cimpl, for his take on the recent stock market action. From his TradeMaster morning alert:
"I noted, over the past few weeks, the clear bottoming pattern and institutional buying activity that occurred near 1115 SPX price support. I cautioned against shorts at that level and believed we would get another rally to 1197 or higher.
Clearly we got the "higher" but as I alluded to in the morning email I can't be sure why SPX continues to rally. The fundamentals of a slow growth economy and lack of confidence in the government took U.S. indices lower earlier this August. And that hasn't changed.
Yet the way the market has rallied over the past few days resembles a bull market. In fact, ignoring the fundamentals of the economy and focusing only on the chart setup, yesterday's break out past 1197 set up a move that would target 1262 before any significant (3-5 days) consolidation. But why?
The FOMC minutes will be released later today. I think there might be some speculation that Bennie and the Feds are more prepared to offer the market freebies quicker than their speech at Jackson Hole implied... [continue reading at WyattResearch.com] |  | | | Funding an American Retirement
Most people don't have enough retirement funds and don't have a plan to get there.
The 10 Year Millionaire is your blueprint for growing a small initial amount into $1 million over 10 years using conservative investments.
Click here to get your copy of this life changing plan today... | | |  | | | | | | | |  | |
Market Snapshot | |  | | US Markets - August 29 Close | | Dow Jones | 11,539.25 | +255 | (+2.26%) | |  | | S&P 500 | 1,210.08 | +33.28 | (+2.83%) | | | | Nasdaq | 2,562.11 | +82.26 | (+3.32%) | | | | Currencies | | EUR/USD | 1.442 | -0.009 | (-0.621%) | | | | USD/JPY | 76.705 | -0.15 | (-0.195%) | | | | GBP/USD | 1.631 | -0.011 | (-0.665%) | | | |  | |
Recent issues of Daily Profit | | | |  | | Need to retrieve your password in order to view our articles? Click here.
Disclaimer & Important Information
Wyatt Investment Research and Daily Profit is owned and published by Business Financial Publishing, LLC of Washington D.C. Business Financial Publishing is neither a registered investment adviser nor a broker/dealer. Readers are advised that this electronic publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security.
 We encourage you to review our full Disclaimer and Disclosure policies. To view our Disclaimer Policy, please click here. To view our Disclosure Policy, please click here
Did a friend forward you this newsletter?
Click here to sign up for Daily Profit today!
You are subscribed with the following email address: ignoble.experiment@arconati.us
To unsubscribe from this newsletter, please click here.
If you believe this communication to be a mistake or unsolicited, please e-mail abuse@bfpnewsletters.com with details regarding your situation, and we will be sure to promptly investigate your situation. | |
| | Copyright (c) 2011 Business Financial Publishing, LLC. | Privacy Policy
Wyatt Investment Research
c/o Business Financial Publishing
65 Railroad Street
Richmond, VT 05477
PO Box 790 |  | | | |
No comments:
Post a Comment
Keep a civil tongue.