Market Update: The big takeaway from Monday’s shellacking on Wall Street is that defense is still paramount as the market continues getting weaker, not stronger. Monday’s steep sell-off confirms our cautious stance over the past several months. The “chop-fest” continues on Wall Street and we are very happy to play light until a new trend…
Happy New Year! We would like to wish everyone a very Happy, Healthy & Prosperous 2016! Dear All: 1. There are 3 new working orders and 10 setups in this week’s report. 2. Recent Media Appearances: CNBC: Stocks pare losses; S&P 500 tries to hold green for 2015 Thursday, December 31, 2015 Reuters: S&P 500…
Stocks End 2015 Mixed to Mostly Lower Stocks ended 2015 mixed to mostly lower. The S&P 500, Dow Jones Industrial Average, DJ Transports, Small Cap Russell 2000, Mid Cap S&P 400, NYSE Composite all closed in the red. Meanwhile, the Nasdaq composite and Nasdaq 100 ended 2015 higher. The move in the latter two indices was largely…
[su_heading style=”modern-2-dark” size=”20″] Housekeeping [/su_heading] Happy 2016! Due to the shortened holiday week, this will be our only intra-week update. Stocks will be closed on Friday for New Years… [su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Historically, the so-called Santa Claus rally occurs in the last week of the year. Right on schedule, the bulls showed up and stocks are in…