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DJIA & SPX Charts

October 21, 2014 | By Keith G. Burck | Contact KeithArrow

Here is the technical chart for the Dow Jones Industrial Average.  We have seen a couple of big moves up after currently bottoming at 15,900 on October 15.  The resistance will be at 16,700, which was the old support.  The short-term … Continue reading

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This report is provided for informational purposes only. This report does not constitute an offer to sell or a solicitation to buy. Although this information is believed to be reliable, we cannot guarantee accuracy of information. Opinions expressed are subject to change without notice, and past performance is not indicative of future results. Alerus Securities is a wholly owned subsidiary of Alerus Financial. Alerus Securities products, unless otherwise specified, 1) are not FDIC insured; 2) are not deposits or obligations of a bank; and 3) involve investment risk including possible loss of principal amount invested.

Short Term Picture

October 21, 2014 | By Keith G. Burck | Contact KeithArrow

We have “reversals back to a column of X’s” for both the NYSE 10 Week Indicator and the OTC 10 Week Indicator.  When these short-term charts “reverse up” from below 30% bullish, it suggests that demand is returning to the … Continue reading

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This report is provided for informational purposes only. This report does not constitute an offer to sell or a solicitation to buy. Although this information is believed to be reliable, we cannot guarantee accuracy of information. Opinions expressed are subject to change without notice, and past performance is not indicative of future results. Alerus Securities is a wholly owned subsidiary of Alerus Financial. Alerus Securities products, unless otherwise specified, 1) are not FDIC insured; 2) are not deposits or obligations of a bank; and 3) involve investment risk including possible loss of principal amount invested.

Bouncing

October 20, 2014 | By Keith G. Burck | Contact KeithArrow

As discussed last week, we saw many signs that the market may be bottoming on the short term.  There were “reversals” in stocks, gold, interest rates, and the U.S. dollar.  We have not yet seen the NYSE 10 Week Indicator or … Continue reading

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This report is provided for informational purposes only. This report does not constitute an offer to sell or a solicitation to buy. Although this information is believed to be reliable, we cannot guarantee accuracy of information. Opinions expressed are subject to change without notice, and past performance is not indicative of future results. Alerus Securities is a wholly owned subsidiary of Alerus Financial. Alerus Securities products, unless otherwise specified, 1) are not FDIC insured; 2) are not deposits or obligations of a bank; and 3) involve investment risk including possible loss of principal amount invested.

Risk Update

October 17, 2014 | By Keith G. Burck | Contact KeithArrow

 The month of October is notorious for stock market volatility and this year is no exception.  The stock market is being driven by headline news and there is plenty of news to keep things interesting.  None of the technical indicators … Continue reading

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This report is provided for informational purposes only. This report does not constitute an offer to sell or a solicitation to buy. Although this information is believed to be reliable, we cannot guarantee accuracy of information. Opinions expressed are subject to change without notice, and past performance is not indicative of future results. Alerus Securities is a wholly owned subsidiary of Alerus Financial. Alerus Securities products, unless otherwise specified, 1) are not FDIC insured; 2) are not deposits or obligations of a bank; and 3) involve investment risk including possible loss of principal amount invested.

Dow Breaks Support

October 15, 2014 | By Keith G. Burck | Contact KeithArrow

Here is a technical chart of the Dow Jones Industrial Average.  The support zones were 16,350 which was broken yesterday when the Dow hit 16,300.  The next support level we had been discussing was 16,050.  This level had held in … Continue reading

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This report is provided for informational purposes only. This report does not constitute an offer to sell or a solicitation to buy. Although this information is believed to be reliable, we cannot guarantee accuracy of information. Opinions expressed are subject to change without notice, and past performance is not indicative of future results. Alerus Securities is a wholly owned subsidiary of Alerus Financial. Alerus Securities products, unless otherwise specified, 1) are not FDIC insured; 2) are not deposits or obligations of a bank; and 3) involve investment risk including possible loss of principal amount invested.

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