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September 20, 2006

Charts and Commentary
by Marty Chenard

Yesterday, we said, "This week, we are at the cusp of commodities, oil, and gold making a major trend change to the downside, or holding supports and having the trends in place. This is a very important juncture because of Bernanke's fight to control inflation and bring it down. It impacts what he does on interest rates, and that effects the economy and the stock market."

While Tuesday showed that commodities, oil, and gold were all bouncing up off supports, yesterday's market action brought them all down to retesting their support levels again.

This is really an important event because it could mark the end of a multi-year up trend.

Consider the possible implications...

If they all break support, you have to think of the turmoil this could create in the market as investors rush to the selling line to dump commodity, oil, and gold stocks. This would cause a major sector rotational change in the markets and portfolio rebalancing.

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages. I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

 


Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2008 Marty Chenard

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