Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: CNBC: Nasdaq tumbles as tech stocks fall 2 percent; oil prices surge Thursday, December 01, 2016 CNBC: Nasdaq hits record high as stocks rise; oil slides more than 3.5% ahead of OPEC meeting Tuesday, November 29, 2016 Reuters: US STOCKS-Wall St falls…
The Nasdaq composite and the Nasdaq 100 have erased all of their post election gains which bodes poorly for the market. The very split tape we highlighted for you before the election – has become a lot more split since the election. The Dow closed above 19k and ended the week higher but all the…
Market Update: There has been a tremendous amount of damage show up over the past 48 hours as the so-called Trump rally is quickly deteriorating. In fact, the Nasdaq 100 ($QQQ) has erased all its post election gains! That is not some random no-name penny stock, it is the Nasdaq 100. Remember, the market was weak…
Market Update: The market remains strong and extended in the near term. The good news is that the action remains strong as there remains virtually no sellers. One theory that is floating around trading desks is that sellers are holding off and waiting until Trump cuts taxes to sell. I know a lot of investors…