Happy New Year! Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: Reuters: Wall St. Flat On Last Trading Day of 2016 Friday, December 30, 2016 Reuters: Wall Street Falls For First Time In Three Days Wednesday, December 28, 2016 CNBC: Stocks Close Flat As Dow Fails To Reach…
2016 will go down in the history books as a strong year on Wall Street. The major indices opened sharply lower, experiencing the weakest start to a year – ever…before the bulls showed up in mid-February and defended major support (1810 for the S&P 500). Once that level was defended, the market didn’t look back….
Housekeeping: During Shortened Holiday Weeks, One Intra-Week Update Will Be Published (Not Two) Market Update: Wednesday is the first real “down” day (and that could change by the close) which is perfectly normal after a big rally. The key now is to analyze the health of this “pullback” to see if it is A.) Shallow/orderly/healthy…
Happy Holidays From Our Family To Yours! Dear All: