Market Update: In the last 4 trading days the S&P 500 has soared 120 points or 6.6%! That is not an insignificant sum and now extended to the upside (in the short term). Remember, the biggest moves (both up and down) in the market’s history tend to occur during bear markets. It is important to…
Housekeeping: There will only be one intra-week update next week because of the holiday. Dear All: 1. There are 10 New Tactical Trade Setups In This Week’s Report 2. Recent Media Appearances: CNBC: Dow up 250 points as oil surges 11%; banks jumpFriday, February 12, 2016 CNBC: Dow, S&P Off 1% AS Europe Plunges; Oil EyedThursday, February…
Market Update: It was another ugly day on Wall Street. Stocks fell hard, then tried to bounce, then fell again into the close. OPEC came out at 2:38pm EST and said the cartel may be ready to cut production and that sparked a big intra-day rally on Wall Street. Crude oil also jumped on…
I’m operating with the notion that we are in the early stages of a new bear market (and global recession). My longstanding readers know I first turned defensive on equities in early August 2015 (before the big August crash). In the short term, the action remains lousy on Wall Street (to put it nicely). The…