Stocks Bounce Ahead of Fed Meeting The market tried to bounce last week but the tape remains very split. The market sold off hard on Friday 9/9/16 after one of the Fed officials made the case to raise rates at its meeting next week. He was dovish (wants low rates) and the fact that he…
Market Update: The tale of two tapes returns to Wall Street as the Nasdaq Composite, Nasdaq 100, and other semiconductors-type stocks continue to woefully outperform while the Dow, S&P 500 and Russell 2000 type stocks are lagging. Just to be clear, this market is not “normal” by any measure and the action is extremely erratic…
Market Update: I want to begin by repeating what we said in our weekend note, defense is paramount at this juncture. The Central Bank interference is beyond nauseating and eventually markets will stop reacting so well to all the easy money sloshing around the globe. Friday was a brutal day, yesterday was impressive. As of this writing,…
The market is showing signs of a near term top as the Dow & S&P 500 negate big breakouts after trading in a very tight range over the past 8-weeks.