I have a ton of respect and admiration for my elders, especially the ones that have made billions of dollars in the market. Interestingly, nearly every stock market elder (except for the perma-bulls), are cautious, if not bearish, at these levels. Over the past 18-24 months, as the major U.S. indices have moved sideways, investing…
Market Update: The S&P 500 broke out of a long base yesterday and the Dow Industrials followed suit today. Typically, big base breakouts are bullish especially in a world awash with easy money from global central banks. In the short term, the market is very extended as the S&P 500 has soared over 8%…
Dear All: 1. There are 4 New Working Orders and 15 New Setups In This Week’s Report: 2. Recent Media: CNBC: Stocks Hold Higher After Fed MinutesWednesday, July 06, 2016 CNBC: Bulls vs bears – Two arguments for stocks in the second half Friday, July 01, 2016 CNBC: Dow Races 200 Points Higher As Stocks Extend Post-Brexit…
Stocks Breakout Of Bullish Head and Shoulders Pattern Stocks rallied nicely last week and are once again flirting with major resistance (record highs) after the government reported a stronger than expected jobs report. The bullish fundamental catalyst is that Brexit means more easy money from global central banks and (for now) and that is bullish for…