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INSYNC ALERT -  July 25, 2011 Canon (CAJ) added to the MarketWire as a Timely Buy

ASBURY ALERT A US Market Rebound Is Emerging From The Recent Lows Posted on: Friday, June 24th, 2011 Summary Favorable conditions exist for a US stock market rebound to emerge between now and early July. However, recent relative underperformance by related US and overseas market indexes suggest that this emerging market rebound in the US will be near term and corrective in nature, and likely to lead into the resumption of the May decline. Introduction –  In our May 17th Asbury Alert entitled Lack Of Post-Earnings Follow Through Means Trouble For The Market, we said: “This week’s failure of bullish chart patterns in both the US and Europe, corroborated by a new bearish shift in market momentum as of the close on Monday and further supported by a 53-year seasonal trend, indicate that at least a near term peak is in place in the US stock market at its recent highs. We are expecting an initial, and potentially sharp, 7% decline in the benchmark S&P 500, back to major underlying support at the 200-day moving average.” Since that report, the bellwether S&P 500 has declined by 89 points or -7% to test its 200-day moving average, currently at 1264, on June 16th and again yesterday (June 23rd). In today’s report we display and discuss why we believe that a near term bottom is emerging in the US stock market at its recent lows, and also how this potential rebound fits into our more intermediate term view for the market through the latter part of this year… Asbury Research Alert June 24th 2011   ___________________________________________________________________________