There were 1,091 press releases posted in the last 24 hours and 402,220 in the last 365 days.

FirstAlert(tm) Daily 9/11: Stock Market Breaks Out

fa_logo_sq_225px-w_bw- Technical Commentary -

September 11, 2009 (FinancialWire) (By Frank Kollar) — Both the S&P Deposit Receipts (NYSE: SPY) and Powershares QQQ Trust (NASDAQ: QQQQ) are now at new rally as well as new 2009 closing highs.

This first week after Labor Day is when vacations end and traders are back in business. So when the first three days of trading result in substantial gains, you sit up and take notice.

The rally really started last week when the major indexes rallied and erased most of their early week losses. But this week is the main event with breakout rallies in the S&P 500 Index (SPX), the Nasdaq 100 Index (NDX) and Russell 2000 Small Cap Index (RUT).

Initial targets for the SPY are $105.70. If surpassed the next target is $114.81.

Initial targets for the QQQQ are $43.60. If surpassed the next target is $48.16.

The http://www.fibtimer.com ETF Strategy has positions in the S&P 500 SPYDRS and Powershares QQQ Trust.

[Go to http://www.financialwire.net/?s=frank+kollar to see more commentaries by Frank Kollar.]

The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ/AMEX 25 Most Actives and NYSE/NASDAQ/AMEX greatest Percentage Losers and Percentage Winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market. Go to http://www.financialwire.net/?s=%22%27Money+Index%27+Synopsis for all the most recent FirstAlert(tm) “Money Index” Synopses.

The FirstAlert(tm) Economics Calendar lists Import/Export Prices for August (8:30 a.m.), U. of Michigan Consumer Sentiment Index for Sep. (9:55 a.m.), Wholesale Inventories for July (10 a.m.), Treasury Budget Statement for August (2 p.m.).

The FirstAlert(tm) Events Calendar showcases AKNS, FCEL, ENS, ASTI at Ardour Capital/Baker & McKenzie 7th Annual Energy Technology Conference; CDR, EPR, IRC, CLP at BMO Capital Markets North American Real Estate Conference; CERN, AMGN, MCK, CVS at Thomas Weisel Partners Healthcare Conference; ICUI, SUPX, ABAX, FSYS at Sidoti Institutional Investor Forum; RCNI, PSEM, DLR, ACN at Kaufman Brothers Investor Conference.

FirstAlert(tm) Website of the Day: http://www.urbandictionary.com

Quote of the Day: “In the beginning there was noise. Noise begat rhythm, and rhythm begat everything else.” Mickey Hart

Today is: Patriot Day, Make Your Bed Day, Tweety Bird Day.

Happy Birthday: Carl Zeiss, O. Henry, D.H. Lawrence, Paul “Bear” Bryant, Tom Landry, Earl Holliman, Brian de Palma, Lola Falana, Mickey Hart, Tommy Shaw, Roxann Dawson, Moby, Harry Connick, Jr., Ludacris.

Today in History: In the Battle of Stirling Bridge, Scots led by William Wallace defeated the English in 1297. Henry Hudson landed on Manhattan Island in 1609. Alexander Hamilton was appointed in 1789 as first Secretary of the Treasury. The Hope Diamond was stolen in 1792 along with other crown jewels when six men broke into the house used to store the jewels. Stephen Foster’s most well-known song, “Oh! Susanna,” was first performed in 1847 at a saloon in Pittsburgh, Pennsylvania. Young Americans for Freedom meeting at home of William F. Buckley, Jr. in 1960 promulgated the Sharon Statement. Pete Rose got his 4,192nd career base hit in 1985, breaking Ty Cobb’s record which had stood for over 60 years. Almost 3,000 died in the Sep. 11, 2001, attacks on the World Trade Center in New York City, part of The Pentagon in Arlington, Virginia, and a passenger airliner in Shanksville, Pennsylvania.

[FirstAlert(tm) was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information. The opinions expressed in FirstAlert(tm) do not necessarily reflect the opinions of Investrend.]

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site  (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.