Housekeeping: Due to shortened holiday week, this will be our only intra-week update. Market Update: The market remains exceptionally strong evidenced by the fact there remains virtually no selling. Nearly, all pullbacks are very short term in nature, many lasting only a few hours, not even a day or two. That, ladies and gentlemen, is…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: CNBC: S&P, Dow And Nasdaq Post Record Closes Despite French Election Fears Friday, February 17, 2017 WSJ: Bullish Cotton Bets Fly in Face of Trump’s Trade Rhetoric Wednesday, February 15, 2017 CNBC: US stocks trade mixed amid Janet Yellen’s…
Stocks are up four weeks in a row and have literally rallied every week since Trump took office. The market hit another fresh record high last week as buyers continue to aggressively accumulate stocks. Just to reiterate, this feels like the very early stages of a 1999/1929 style climax/blow-off top. Of course, we are open…
Market Update: On Tuesday we wrote, “The market remains exceptionally strong and we continue to believe that we are entering a climax/blow off top similar to what we experienced in 1999-2000 or 1928-1929. The market continues to dismiss nearly everything that is happening in the world and greed has taken over. We continue to take…