TSG – The bear re-awakening?

Dear Trader,

TSG Stock Market Letter
Week Ending March 27, 2009
Topics Discussed This Week:

* Rally just keeps on going…
* Leaders fall behind
* Earnings – Getting worse but not as fast…
* Home sales pick up at the expense of prices
* Elliott Wave says stocks heading down…

It was another good week for stocks driven higher by
expectations … Dear Trader,

TSG Stock Market Letter
Week Ending March 27, 2009
Topics Discussed This Week:

* Rally just keeps on going…
* Leaders fall behind
* Earnings – Getting worse but not as fast…
* Home sales pick up at the expense of prices
* Elliott Wave says stocks heading down…

It was another good week for stocks driven higher by
expectations that toxic bank assets would be finally removed
from bank balance sheets by the taxpayer. Before Friday’s
148-point drop, the Dow Industrials had gained an
impressive 21% in just thirteen trading days.

Stocks were further helped by some short-term good news in
existing and new home markets which is really not good
news at all. But the difference is that investors are now
interpreting bad news by buying more stocks and that is a
good sign as it shows sentiment is becoming more bullish.

However, there is a chart pattern on the S&P500 which has
bearish implications for the coming week…

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To read this week’s MARKET letter please go to
http://tradesystemguru.com/content/blogcategory/34/68/
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