SOURCE: John Thomas Financial

John Thomas Financial

July 11, 2011 08:00 ET

John Thomas Financial Chief Market Analyst Says S&P Could Hit Pre Crisis Highs Before Year's End

Wayne Kaufman Explains Market Position Based on Technical Historical Data

NEW YORK, NY--(Marketwire - Jul 11, 2011) - The S&P 500 could top pre-crisis highs by the end of the year, John Thomas Financial Chief Market Analyst Wayne Kaufman said Friday on CNBC's Squawk on the Street. A Chartered Market Technician and licensed Securities Analyst registered with FINRA (Financial Industry Regulatory Authority), Mr. Kaufman appears regularly on Squawk's The Friday Trade segment to provide market commentary and insights based on historical statistical data.

"I'm predicting we'll have a very good earnings season, new highs will be made on indexes," said Kaufman.

"The last eight quarters have averaged growth of about 30 percent year-over-year," he said. "This is the fastest rate since the 1940s."

The index has closed with gains in seven out of the last nine sessions. Friday's close at 1343.80 is 230 points below its October 2007 high of 1565.

Kaufman shed light on May and June pullbacks, explaining that a factor was simply "an end to good news" that many have been misinterpreting for bad news.

"What really happened, if we go back to mid-May, we ended a period of good news, which was earnings -- earnings season ended around mid-May and then the market got a little bit soft and then we had some soft economic data," he said.

Kaufman's July 8th appearance is available on the CNBC website and John Thomas Financial's official blog, JTF Blog.

Each week, Wayne Kaufman composes and distributes The Kaufman Report, a detailed research publication. The Kaufman report provides a glimpse and analysis of specified indexes, markets, and industries. The full Kaufman Reports archives can be found and downloaded at www.kaufmanreport.com and new reports are published at the beginning of each week.

For timely insights, news, and commentary on economics and financial markets, visit the JTF Blog or join the John Thomas Financial community on Twitter and Facebook.

About John Thomas Financial
John Thomas Financial, a member of FINRA and SIPC, is an independent broker-dealer and investment banking firm headquartered in New York City's Wall Street district. Emphasizing a client-centric approach to managing all aspects of its business, John Thomas Financial and its affiliates offer a full complement of retail brokerage, private wealth management, and corporate advisory services tailored to the unique needs of its clients. The firm publishes the Fiscal Liquidity Index a unique daily indicator that looks at government spending and its impact on the financial markets, as well as The John Thomas Financial Economic Outlook, a research report analyzing consumer sentiment, market outlook, credit cycles and dozens of other market influences. For more information on the firm, please visit: www.johnthomasbd.com.

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