- Technical Market Commentary -

January 18, 2009 (FinancialWire) (Investrend Broadcast Syndicate) (Via FinVidea)  –  Joel Wintner began last week talking about the direction of the U.S. stock market as clearly going higher. Although the employment numbers released the previous Friday were not necessarily good, they were pointing in the right direction, according to Wintner.

Looking at Joel’s charts, his outlook and forecast seems pretty straightforward. Stocks are moving higher as measured by the Dow Jones Industrials: the basis for the Elements Dow Jones High Yield Select 10 Total Return Index ETN (NYSE: DOD); and the S&P 500: the basis for the iShares S&P Aggressive Allocation Fund (NYSE: AOA). And, Wintner’s mantra since the start of the year, to “buy on the dips”, points directly toward the action (or non-action) that Wintner is recommending for investors.

Now, with earnings season underway, investors have an important gauge for the past. In terms of the future, Joel’s daily 9:30 a.m. (Eastern time) live, interactive webcast may offer some insight to those who tune-in to FinVidea’s equities channel. More details are available via Investrend Syndications’ dedicated FinVidea webpage (at http://www.investrend.com/finvidea).

See also:  “Venezuelan Bolivar Devalued 40 Percent” (http://www.financialwire.net/2010/01/11/venezuelan-bolivar-devalued-40-percent/).

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