Market Update: The market continues acting very well as the major indices remain perched just below record highs. The Nasdaq 100 hit a fresh record high earlier today and the fact that the market refuses to fall – illustrates how strong the bulls are right now. So far, nearly all the major economic data continues…
Dear All: 1. There are 10 New Setups In This Week’s Report: 2. Recent Media: CNBC: Stocks Recover Most Losses; Materials Lead Thursday, September 01, 2016 CNBC: Stocks close mixed after Fed commentary; Nasdaq snaps 8-week win streak Friday, August 26, 2016 Reuters: Financials Lift Wall Street As Rate Hike Optimism Grows Thursday, August 25,…
Bullish Tight Trading Range Continues The tight trading range we have seen over the past 7 weeks continues as the market pauses to digest the very strong ~10% post-brexit rally. All that has happened over the past 7 weeks is that the moving averages are playing catch up to the strong rally. So far, the…
Market Update: The market has moved sideways over the past 7-weeks as the it pauses to digest the very strong 10% post brexit rally. Thus far, the action remains healthy as the moving averages are playing catch up. The Dow Jones Industrial Average is testing its 50 DMA line and the bulls are doing their…