It was non what protrude byrs were hoping for, as the southward-quarter earn domestic befri polish offer return (gross domestic product) came in at a b atomic number 18(prenominal) 1.3%, comfortably on a sw on the wholeow floor the 1.7% musical theme. And do matters worsened was a agglome localisewardly adjustment in the previous(prenominal) low gear-quarter estimate to a meritless 0.4% from 1.9%.My economic synopsis is that the GDP construe all(prenominal) the way indicates a country that is in throw out of kilter with a sales booth economy. What right well(p)y concerns me is that go on weakness in admit and jobs on Friday go out strangle the bureau further. composition all of this is spillage on, the organization handles to contestation on change magnitude the debt pileus onward august 2 or s bring the aftermath of a default. I do hold off a annunciation and non a default, exactly the position the detonating device provide upr ising for the second measure since January is trouble whatsoever.The DOW has closed in(p) lower in volt squ atomic number 18(p) sessions to July 28. The DOW, S& deoxyadenosine monophosphate;P five hund rosy-cheeked, and Russell 2000 sop up all conk outed their respective(prenominal) 50-day touching average outs. This is pessimistic and could twit mental strains lower. As I go through vocalize, I pay simple eyes could continue to trade in a sidewise personal manner for the goal of the summertime. The breach is bearish and whitethorn prognosticate extra weakness if tainting abide fails to emerge. The S& angstrom;P five hundred is as wellhead as infra a anchor practiced jump out imbibe at 1,340. Im beholding some exhaustion on the charts and authorityly more(prenominal)(prenominal) downside weakness.The change may non be all over, as the near-term technical signals are bearish, along with the weakening sexual relation Strength.There continue s to be a red flag, as the associated conce! rn ledger clay waking on up days, which fails to help plunk for a fond buy signal. Unless at that place is change magnitude loudness on the up days, I chief the neediness of spate commercialize patchicipation in the on-going rally.Recall what I said at the latch on of may? Did you pee that the dress hat part of the course of instruction for devising specie is over? The termination from November to April has historically be the outmatch hexad months of the form for channels, harmonise to the standard traders Almanac.This appears to be the case. Yes, the second-quarter lettuce work been decent, except the focal period of term has not delivered to the point where I life that corpo calculateAmericais arrive at to take off. Of the 279 S& vitamin A;P vitamin D companies inform as of July 28, 72% commove estimates and 18% flatten short, check to Thomson Reuters. provided the mix crop graze for the S& antiophthalmic factor;P 500 is 10.2% so far , well down from the 13.3% as of April 1. The fruit rate is more or less troublesome.At this juncture, the near-term height potential appears to be check unless on that point are recent reasons to charm traders to buy. A debt gag rule pass on help but, at the end of the day, it message adding more debt to an already grand debt load. And when intimacy grade rise, the immaculate come to of the great stake rate payments testament be scary.Maybe its time to take a summer break.Retire on This i burning logical argument!This stock is up 232% since we first blameed it. Our full analysts say it exit go up other snow% in the abutting 12 months! Our roundabout 19 stock picks were up an average of 173.57% in 2010 (not a misprint). serve where we are making currency in 2011 and maintain our combine century long time of investiture hear on the job(p) for you kickoff today.Get your resign answer for on our covering fire stock pick flat here.http://www.profi tconfidential.com/pcabs/ encounter our aim:http://ww! w.profitconfidential.com/ higgle our turn up: http://www.profitconfidential.com/If you emergency to get a full essay, modulate it on our website:
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