[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indices continue to grind higher and simply refuse to fall. In the short term, they are getting extended and due for a nice little pullback to shake out the weak/late hands. The fact that the market refuses to fall, even though several areas are weak, illustrates how strong…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indices continue to push higher and are following the script we outlined for you over the past few weeks almost perfectly. The bulls continue to “rotate” from one sector into another and all pullbacks remain shallow in both size (small % decline) and scope (short in duration). The…
[su_heading style=”modern-2-dark” size=”20″] Market Update: Bulls Remain In Control [/su_heading] For the week, the bulls emerged victorious as the major indices positively reversed (opened lower and closed higher) which is a subtle and bullish sign. On the downside, the economy was the big loser after the latest round of “data” showed the economy remains weak. That…
[su_spoiler title=”Monday-Wednesday’s Action: Economy Data Fails To Impress” style=”fancy”] Stocks opened higher on Monday but closed lower as the market paused to digest the big post-jobs rally. San Francisco Fed President John Williams, a voting member of the FOMC, said he believes Q1 economic weakness was an anomaly and that he is looking forward to…