The best word to describe this market is: STRONG. Stocks continue to race higher as investors continue to focus on easy money from global central banks. Whether we have strong economic data (ex: Friday’s jobs report came in at 255k, beating estimates for 180k) or weak economic data, stocks rally. Strong earnings, weak earnings,…
Market Update:After 5 straight up weeks the market is pulling in to consolidate that very strong rally. Since the post brexit low in late June, the benchmark S&P 500 soared over 9% in 5 weeks and is now pulling back. 9% in 5 weeks is not an insignificant sum and markets do not go straight…
Dear All: 1. There are 2 New Working Orders & 10 New Setups In This Week’s Report: 2. Recent Media: Investors Business Daily: Grain Stocks Growing High As An Elephant’s EyeFriday, July 29, 2016 US News and World Report: 8 Things to Look For in a Quarterly ReportTuesday, July 19, 2016 CNBC: Dow Futures Lower…
Strong Month on Wall Street July 2016 will be remembered in the history books as a pivotal and very strong month on Wall Street. The big news was that the Dow Jones Industrial Average and the benchmark S&P 500 both broke out of a very long 18-month sideways trading range and vaulted to fresh record…