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10/27/09 Investment House Daily
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Investment House Daily Subscribers:
MARKET ALERTS:
Targets hit alerts: BHP
Buy alerts: SHAW; SWN
Trailing stops: RS
Stop alerts: ADTN; CHINA; CRI; LTD; RS; VLO
The market alert service is a premium level service where we issue intraday alerts relating to the general market conditions, when stocks hit action points (buy, stop, target, etc.), and when we see other information impacting the market or our stocks. To subscribe to the Daily alert service you can sign up at the following link:
http://www.investmenthouse.com/alertdly.html
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Detailed chart-based analysis of the key index and leadership charts now included in the Market Summary Video.
TO VIEW THE VIDEO MARKET SUMMARY CLICK THE FOLLOWING LINK:
http://investmenthouse1.com/ihmedia/marketsummary.wmv
The Market Summary Transcript will be forwarded when completed.
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SUMMARY:
- Modest bounce gives way once more as NASDAQ leads lower while SP500 holds its trendline.
- Disappointing economic data, uninspiring earnings, continued dollar rally erode market.
- Consumer confidence declines back into the forties
- Another regional PMI backslides
- Quality of the next bounce is the key to a continued move.
- Some sectors showing relative strength, setting up, as rest of market continues to correct.
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