Stocks are strong. Small and mid-cap stocks led the way higher last week as the small-cap Russell 2000 ($IWM) and mid-cap S&P 4o0 ($MDY) broke out of big bases. For now that is bullish action and illustrates strong appetite from investors of all size. Meanwhile, the popular indices paused to digest a very strong election…
Market Update: The market continues to act well since last week’s strong rally. The fact that the market refuses to fall illustrates how strong it is right now. Remember, there are two ways a market can consolidate a recent move- either move sideways or retrace a portion of the move. In this case, the market…
Market Update: The market continues pausing to digest last week’s very strong election rally. It’s perfectly normal to see the market pause a little to catch its breath. Under the surface leadership continues to change. First it was the Nasdaq and tech stocks that were leading but post election, The Nasdaq has lagged while the…
Last week was a very important week on Wall Street. The bulls stepped in and defended major support (the longer term 200 day moving average line) and erased three month’s worth of losses in 3.5 days! The market likes Trump’s pro-growth policies and is clearly giving him the bullish benefit of the doubt. Even large billionaire…