Stocks rallied last week after global central banks juiced markets – for the umpteenth time. Eventually, markets will stop reacting well to all the easy money being injected into the system, but we are not there just yet. The market remains relatively split as the Nasdaq 100 hit a fresh record high last week while…
Market Update: The market jumped nicely after both the Bank of Japan and the U.S. Federal Reserve reiterated their easy money stance. The Dow is still below its 50 DMA line but the Nasdaq, S&P 500 and small-cap Russell 2000 are above that important level. Underneath the surface, the “action” is not the strongest -but…
Market Update: The tape remains split as the Nasdaq 100 type stocks are leading while the Dow & S&P 500 are lagging (still trading below their respective 50 DMA lines). In the short term, the action is getting “better” but was my good friend GaryK says, “Don’t Blink.” The market is at the mercy of…
Dear All: 1. There are 10 New Setups In This Week’s Report: 2. Recent Media: CNBC: Stocks hold higher as tech leads; oil sheds 2% Wednesday, September 14, 2016 CNBC: Stocks rally over 1% after Fed’s Brainard speaks; telecoms jump 2% Monday, September 12, 2016 Forbes: Fed Spooks Markets; Dow Negates Big Breakout Friday, September 09, 2016 Forbes: An Open…