Housekeeping: Due to the shortened holiday week, this will be our only mid-week update. Market Update: Wednesday is turning into a big defensive day for the market. So far, the market is being defended nicely today as the bulls showed up and protected the 50 day moving average line for the major indices. This is…
Play book? …What Playbook?? There really is no playbook for the wild action we are seeing on Wall Street. In the past week alone, stocks were crushed after Brexit and then soared after central banks stepped in and saved the day. Buyers showed up on Tuesday after Mario Draghi (European Central Bank President) said global…
Market Update: Tuesday morning, Draghi juiced markets when he said central banks need “more coordination.” That basically gave investors (and central banks) the ‘All Clear’ to buy stocks and ramp the market into the end of month/end of quarter. The action we have seen over the past few days is not “normal” by any…
We received quite a few thank you notes for adopting our cautious stance BEFORE Brexit and largely sidestepping the damage. That’s exactly why we are here & why we created this service for you. Market Update: The damage since Friday is enormous, markets are currently oversold and due to bounce. That’s what we are seeing this…