Dear All: 1. There are 12 New Setups In This Week’s Report 2. Recent Media: Reuters: US STOCKS-Retailers nudge Dow, S&P to record highs on Black Friday Friday, November 25, 2016 Reuters: Global Markets: U.S. shares end at record highs for 2nd day, oil steadies Tuesday, November 22, 2016 Forbes: Don’t Just Diversify Your Portfolio,…
Stocks are very strong and the fact that they continue to rally and hit new highs, illustrates that the bulls are clearly in control. The Dow jumped above 19,000 and the S&P 500 jumped above 2,200 last week and continued hitting new highs. In the short term, the market is overbought by any normal measure…
Housekeeping: Happy Turkey! The market will be closed on Thursday for Thanksgiving and it will close early (1pm EST) on Friday. Due to the shortened holiday week, this will be our only intra-week update. As always, we will have a full report for you this weekend. Market Update: The major indices continue acting very well…
Dear All: 1. There are 11 New Setups In This Week’s Report 2. Recent Media: CNBC: Russell 2000, mid-cap stocks hit new highs as large caps slow down Thursday, November 17, 2016 CNBC: Stocks gyrate as energy falls 1.5%, but on track for best weekly gains of 2016 Friday, November 11, 2016 Reuters: Trump rally…