We mentioned last week that the market was extended and due to pullback. Well, we got the pull back but it only lasted a few days. Stocks rallied last week as investors digested a slew of economic, earnings, and central bank data. The big take-away is that the bulls remain in clear control of this…
Market Update: The major indices are still in pull back mode which is perfectly normal at this point as they pause to digest the recent/strong rally and digest a slew of earnings, economic and central bank data. The good news is the major indices remain above the 50 DMA line which is a good for…
Market Update: The title of last Thursday’s update was: “Getting Extended.” At the time, I had no idea that Trump would announce his immigration policy the next day after the close (timing was not a mistake). The media is blaming the subsequent backlash as the culprit behind this pullback. The market was very extended and it is…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: Forbes: Earnings Scorecard: The FANG Stocks Thursday, January 26, 2017 CNBC: Stocks fall amid Trump policy jitters; energy, industrials off 1 percent Monday, January 23, 2017 Forbes: Earnings Preview: What To Expect From The FANG Stocks Saturaday, January 21, 2017 CNBC:…