Market Update: The title of last Thursday’s update was, “Time For An Oversold Bounce.” So far, the market continues to edge higher as we head into the end of month and end of quarter. The market rallied this morning when Yellen started talking then it drifted a bit lower before Mr. Draghi, her European counter…
Dear All: 1. There are 10 New Tactical Trade Setups In This Week’s Report: 2. Recent Media: Reuters: Sarhan in Reuters: Wall Street set to open higher as focus shifts to FedWednesday, June 15, 2016 CNBC: Sarhan In CNBC: Stocks close lower; financials fall more than 1%Tuesday, June 14, 2016 Bloomberg TV: Unleashing the New Bull Market…
Stocks Fall Ahead of The Brexit Vote It was another tough week for the bulls as the major indices fell 5 of the past 6 sessions and are in ‘pullback’ mode ahead of the Brexit Vote. On June 9th, the market looked strong as the S&P 500 jumped above two important areas of resistance (2111 and…
Market Update: The market is doing its best to bounce from oversold levels. The action remains sloppy and there just remains a dearth of quality leadership. In normal times, today’s reversal should mark a near term low, especially because we are entering end of month and end of quarter (upward bias). Of course, this time…