The bulls have been waiting for a catalyst to send the Dow above 20k and it turned out to be Trump’s first week in office. The Dow broke above 20k and the S&P 500 briefly broke above 2,300 over the past few days. The key now is to see if the gains can hold. Elsewhere, the…
Market Update: The Dow topped 20k yesterday and, as expected, the media went nuts. 20k is a number and from where I sit, the most important thing now is to see if the Dow can stay above 20k. In the near term, the action remains healthy but the market is getting very extended up here….
Market Update: The bulls showed up after a short and healthy hiatus and regained control as we make our way through earnings season. The Nasdaq and Nasdaq 100 continue to lead the way higher. While the Dow & S&P 500 continue acting very well. The Russell 2000, financials, materials, transports and many other important areas…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: CNBC: Health care lifts Nasdaq to new record closing high; Street awaits Trump Tuesday, January 10, 2017 Forbes: Eddie Lampert Just Took A Play From Bill Ackman’s Playbook Thursday, January 5, 2017 CNBC: Stocks Slide Amid Uncertainty Surrounding Trump Policies; Financials…