[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] he major indices continue acting well and have turned positive for the week (healthy sign). The market opened lower on Monday but the bulls immediately showed up and quelled the bearish pressure and sent stocks higher right after the open. Overnight China’s stock market plunged 6% (equals over…
[su_spoiler title=”Monday-Wednesday’s Action: China Devalues Currency” style=”fancy”] Stocks soared on Monday after more overseas news helped lift stocks. China’s Shanghai Composite jumped nearly 5% after below-consensus trade data from China was viewed as an argument in favor of more easy money. European stocks rallied on the news amid reports suggesting Greek officials and…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks rallied last week after the bulls showed up and defended support. It is still early, but the fact that the market refuses to break down is bullish and we have a sneaking suspicion that we will move higher from here. Of course, we remain open to any outcome…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Wednesday was a big support day for the major indices as the bulls showed up and quelled the bearish selling. It was encouraging to see the major indices turn positive yesterday and are now on track to close higher for the week. We want to see where the…