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Monday, Nov 21, 2011
In Mark Tito’s opinion
Resistance 11,700
Support 11,595
The market remains in very weak condition due to the persistent problems coming out of just about every country in Europe…as sovereign debt is in Europe is taking down each country like dominoes..With the U.S. congressional joint select committee on deficit reduction — or “super committee” as it has become known — needing to agree on cuts of $1.5 trillion within the next 48 hours, can’t make a decision on anything and is about to announce failure..
With so much bearish news, and bearish technicals we will take a short on the break of the key 11,595 support, or on a short covering rally to 11,700….whichever comes first..
Mark Tito
800 591-2393
Risk Disclosure: There is a substantial high level of risk of loss in trading commodity futures, options and off-exchange foreign currency products; such trading is not suitable for all investors. Past performance is not indicative of future results. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of all or more of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Rakia Securities Inc d/b/a Fortress Capital, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
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Morning Dow Commentary
Morning Dow Commentary
Morning Dow Commentary
Monday, November 7th..
In Mark Tito’s opinion
Resistance 12,000
Support 11,800
Based on chart analysis the market should decline this week, according to the highest probability Elliot Wave scenarios, and according to small Head & Shoulders tops patterns unfolding..Downside taggers appear to be around the 11,200 level..But, the markets are chock full of International and Domestic intervention at this time, be it direct purchases of securities through Wall Street surrogate firms or manipulative news announcements, etc…and in the short-term this can have the effect of creating huge, out of now hare price swings..It is my job to weigh all the evidence that technical analysis provides and come to a conclusion about probabilities…In the past year when intervention has been at an extreme, huge counter move swings have occurred..This is unusual and should not continue to last much longer as large Bearish forces and waves move in to take control. We are in a Bear market.
Mark Tito
fcfutures.com
800 591 2393
Risk Disclosure: There is a substantial high level of risk of loss in trading commodity futures, options and off-exchange foreign currency products; such trading is not suitable for all investors. Past performance is not indicative of future results. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of all or more of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Rakia Securities Inc d/b/a Fortress Capital, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
Morning Dow Commentary
Wednesday, November 2nd, 2011
Risk Disclosure: There is a substantial high level of risk of loss in trading commodity futures, options and off-exchange foreign currency products; such trading is not suitable for all investors. Past performance is not indicative of future results. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of all or more of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Rakia Securities Inc d/b/a Fortress Capital, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
Morning Dow Commentary
Morning Dow Commentary
Morning Dow Commentary
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Friday, October 28th…
In Mark’s Tito’s opinion
Resistance 12,230
Support 12,000
Yesterday, the Dow had a monster rally, the Dow closed up over 300 points..but here is the reality behind yesterday’s move. Most of the buying was short covering. Most of the buying was done by those most pessimistic about the market, panicking, buying stocks to cover open short positions where they agreed to sell stocks they do not have, so had to come into market to buy in fear that prices would go higher from the news that Greece and Europe came to a deal..Most of the buying did not come because of the slew of lackluster economic reports that have been released throughout the week, or positive prospects for the economy..
Many of the key indicators are suggesting that the market could top over the next few trading days…So let’s see where this rational exuberance rally takes us..If we break resistance, we will go long…because the reality of it is, the market is going to do whatever the market is going to do…Just keep in mind, the higher the price action takes us without real bullish economic substance, the more it’s gonna hurt when it corrects….
Mark Tito
Risk Disclosure: There is a substantial high level of risk of loss in trading commodity futures, options and off-exchange foreign currency products; such trading is not suitable for all investors. Past performance is not indicative of future results. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of all or more of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Rakia Securities Inc d/b/a Fortress Capital, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
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