Stocks are mixed after opening weaker on Monday. The Nasdaq/Nasdaq 100 names continue to under-perform while the Russell led for most of the day. Over the last four weeks, stocks have gone from deeply oversold in the short term to deeply over bought. Since the Feb 11 low, the benchmark S&P 500 has surged a very impressive 11%! Remember,…
Dear All: 1. There are 10 New Tactical Trade Setups In This Week’s Report 2. Recent Media Appearances: CNBC: Dow Closes At 2-Month High After Jobs ReportFriday, March 04, 2016 CNBC: Stocks Try For gains as Oil ReversesWednesday, March 02, 2016 Reuters: US STOCKS-Wall St Set To Open Higher On Oil Rise, Stimulus HopesTuesday, March 01,…
Market Update: Not much has changed since our Tuesday update. The market continues to be lead higher by the beaten down areas of the market that have lagged for the past 18-24 months. In the short term, the market is over bought and due to pullback a bit to digest its recent and robust rally…
Market Update: The short term conditions continue to improve. The bulls are getting stronger as the market continues to bounce hard from the Feb 11 low. Remember, bear market rallies are fast and furious and tend to last 4-12 weeks. This is the fourth week of this rally. So we may have some more room…