Market Update: What a difference a few bad days make in the market. Sellers showed up last Friday and we have seen a lot of technical damage emerge as government bond yields continue to plunge. In the short-term the market went from being over bought to oversold and could easily bounce here. But big picture,…
Dear All: 1. There are 10 New Tactical Trade Setups In This Week’s Report: 2. Recent Media: Bloomberg: Unleashing the New Bull Market in Commodities Friday, June 09, 2016 Bloomberg: Oil and Commodities: Breaking Out or Breaking Down?Friday, June 09, 2016 Reuters: US STOCKS-Wall St falls with oil, worries about global economyFriday, June 09, 2016 MarketWatch:This shows…
Stocks Fail At Key Levels of Resistance It was a tough week for the bulls. Stocks opened higher but closed near the lows for the week after failing to stay above key levels of resistance. For the past few weeks, we outlined April’s high of 2,111 in the S&P 500 as an…
Market Update: The market remains very strong as the bulls showed up today, defended support, and once again sent stocks higher in the afternoon (a bullish sign). The S&P 500 remains very strong and the big area we have writing about was 2111, that area was defended today so effectively, resistance became support which is…