Dear All: Happy Memorial Day! 1. There are 10 New Tactical Trade Setups In This Week’s Report: 2. Recent Media: Forbes: The Fed Is Playing Chicken With The MarketFriday, May 27, 2016 CNBC:Stocks struggle for gains ahead of Yellen; investors eye oilThursday, May 26, 2016 Forbes: The Weakest Social Media Stock Just Got WeakerTuesday, May…
Stocks rallied for a second straight week as the bulls showed up in the last full trading week of the month. The major indices jumped above their respective 50 day moving average lines and are now flirting with their 2016 high, which bodes well for the current rally. Last week we wrote, “without another wave of…
The title of last Thursday’s update was: “Time To Bounce.” Clearly, we should have bought a 3x long ETF for the market. Today is an important day because all the major indices are back above their 50 day moving average lines. We have seen this before…
The major indices (except for the Dow) snapped a three week losing streak and rallied after another volatile week on Wall Street. On Monday, stocks rallied 200 points only to give it back and fall 200 points on Tuesday. The market was up and down on Wednesday before falling hard early Thursday morning and breaking key levels of support. Then…