Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: CNBC: Stocks gyrate as energy falls 1.5%, but on track for best weekly gains of 2016 Friday, November 11, 2016 Reuters: Trump rally sputters as energy, health stocks drag Friday, November 11, 2016 Reuters: Dow hits record high…
Market Update: What a difference a few hours can make on Wall Street. Dow futures plunged ~900 points early Wed morning (the sell off began late Tuesday night when the polls started closing) and then almost immediately buyers showed up. Wednesday was the single largest intra-day reversal we have seen on Wall Street since 2008!…
Market Update: Over the weekend, the FBI cleared Hillary in the latest email scandal and stocks rallied sharply from deeply oversold levels on Monday. We had no way of knowing that the FBI would announce that on Sunday. They could have very easily decided to do nothing or indict her and the market would…
In a normal, non easy money world, we would say the market is tracing out a classic topping pattern and the days are numbered for this bull market. Last week we saw several major global central banks become “less dovish.” That doesn’t mean they won’t announce more easy money if markets fall, just right now,…