TSG – Rally re-ignition?

Dear Trader,

TSG Stock Market Letter
Week Ending May 1, 2009
Topics Discussed This Week:

* Rally re-ignites?
* Leaders fall behind…
* Earnings forecasts still looking bullish but…
* Case-Shiller shows prices still declining but at slower rate
* Comparing rallies
* Elliott Wave SPX Perspective

This marked the eighth week that stocks have rallied … Dear Trader,

TSG Stock Market Letter
Week Ending May 1, 2009
Topics Discussed This Week:

* Rally re-ignites?
* Leaders fall behind…
* Earnings forecasts still looking bullish but…
* Case-Shiller shows prices still declining but at slower rate
* Comparing rallies
* Elliott Wave SPX Perspective

This marked the eighth week that stocks have rallied with the
S&P500 up nearly 30% from its lows in the first week of March.
Last week the S&P500 index was 9.5% above its 50-day moving
average. This week it closed 10% above the 50 DMA and so remains
quite overbought. That being said, the correction we have said
was coming has yet to arrive – an indication of just how strong
this rally has been.

However, there is one key ingredient missing in this rally that
should concern all those who are long or considering doing so
and that is the way stocks have moved up.

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http://tradesystemguru.com/content/blogcategory/34/68/
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