Market Update: Stocks continue to race higher as institutions are buying up big cap tech today. The QQQ is breaking out and several big cap tech stocks are racing higher and moving above early entry points highlighted in prior reports. The market looks strong and unless we get a huge hawkish surprise from the Fed…
The melt-up continues as the market simply refuses to fall or even pullback and that strength needs to be respected. We know way too many people who are trying to fight this very strong bull market – to no avail. Last week, we wrote about the fact that the market was getting in trouble because…
Market Update: Earlier today, the ECB announced more easy money – by extended QE until December 2017 (initially was going to end in March 2017). Draghi held rates steady and extended QE until December 2017. Currently, the ECB is buying 80 billion euros a month and that will drop down to 60 billion starting in April 2017….
Market Update: Over the weekend, Italy voted “no” and the market brushed off the news in a matter of minutes. Italy was different than Brexit and the U.S. election because most people thought the no party would win. (In case you are not familiar with the details – this article explains what happened –read here). Stepping back, the…