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Board index » Archive » The Gilmo Report: Market Commentary




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 Post subject: THe Gilmo Report
 Post Posted: Mon Sep 10, 2012 8:11 pm 
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The breakout

Posted: 10 Sep 2012 12:33 PM PDT

As if lifted from the pages of a textbook - the textbook - the Nasdaq and S&P 500 averages cleared the top of a four-month, cup-with-handle pattern last Thursday. Nasdaq volume, at 19% above average, is considered strong for an average.

This pattern, shown in the below report, is one of the most bullish formations a market can show. Nothing is 100% prescient, but the pattern and breakout normally lead to further upward revaluation. When combined with the good tone seen in the speculative growth-stock glamours for some weeks, the picture is bright for the medium-term, short-term pullbacks notwithstanding.

A stock mentioned favorably in our last report, LinkedIn (LNKD), moved out of a four-month basing pattern last week . . . . To continue reading, please click here.


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AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)

S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)

DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)

EFA (I Fund)
iShares MSCI EAFE Index (EFA)