Happy Holidays! From our family to yours, We would like to wish everyone a very Merry Christmas & Happy Holidays! Dear All: 1. There are 2 new working orders and 10 setups in this week’s report. 2. Recent Media Appearances: CNBC: Stocks Rally During Shortened Holiday Week Thursday, December 24, 2015 CNBC: Stocks close higher…
Happy Holidays! Due to the shortened holiday week, this will be our only intra-week update. Stocks close early on Thursday (1pm EST) and will be closed on Friday for Christmas… [su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The market is still under pressure and there remains a lot of technical damage that needs to be repaired. The major indices…
Dear All: 1. There are 2 new working orders and 10 setups in this week’s report. 2. Recent Media Appearances: Reuters Quote: Fed raises rates for first time in nine yearsWednesday, December 16, 2015 Reuters: Wall Street little changed as oil prices weighMonday, December 14, 2015 CNBC: Rally loses steam as close approaches; Dow halves gainsThursday, December…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] We began Tuesday’s update by saying, “The market is weak. The fact that it is barely bouncing even after last week’s shellacking shows us the sellers still have the upper hand.” And we ended it by saying, “So far, we want to express a cautious stance and as we have been saying for weeks,…