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Stock Market Technical Analysis 5-13-2011

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Uploaded by on May 13, 2011

http://www.cabot.net-
Editor Mike Cintolo says the market has bounced back this week, but it's difficult to gain traction in this environment. From a top-down perspective, the indexes aren't in bad shape, but under the surface, there's more pressure on individual leading stocks. We recommend that you closely manage your existing positions and keep a fresh watch list. Stocks discussed: iShares Silver Trust (SLV), OpenTable (OPEN), Green Mountain Coffee Roasters (GMCR), IMAX Corp. (IMAX), Qlik Technologies (QLIK), Wynn Resorts (WYNN) and Melco Crown (MPEL).

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  • PMs are being driven up by fundamentals and will continue to go up as the USA and Europe go into deeper debt. Unfortunately, there's no solution to the debt crisis because there is no political will to do what's necessary. Expect QE3 in the near future in a desperate attempt by the Feds to keep America solvent. Charts don't tell the full picture.

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