Stocks ended lower last week as the market simply pauses to consolidate a very strong post-election rally. The major indices were very extended from the norm and are simply pulling back a little to consolidate a very strong rally. The small-cap Russell 2000 pulled into its 50 DMA line, which is the next logical area…
Housekeeping: Due To The Shortened Holiday Week, This Will Be The Only Intra-Week Update Market Update: The major indices remain strong as they continue to remain perched just below record highs. Under the surface we are seeing what I call, the “great mini rotation” which refers to big money rotating from one sector to another…
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…
Once again, the bulls remain in clear control and continue to quell any bearish selling. The market had several chances to fall (since the election) and simply refuses to do so. The fact that it refuses to fall illustrates how strong the bulls are right now and bodes well for the market. Small caps…