The market had every chance in the world to fall last week and the fact that it didn’t is VERY bullish! Remember, it’s not the news that matters… it’s how the market reacts to the news! There was early speculation that President Trump would cancel the meeting with North Korea on Tuesday and by Thursday…
The market ended mixed last week as the small-cap Russell 2000 hit a fresh record high. The fact that small-caps hit new highs last week is bullish and bodes well for the broader indices. In the short-term, the other popular averages are pausing to digest a recent/strong rally after important support was defended near the…
The bulls regained decisive control of the market last week after the major indices turned positive for the year and jumped above near-term resistance. The Dow & S&P 500 both jumped above near-term resistance (50 DMA line). We have highlighted resistance at the 50dma several times in this report for you in recent months. Going…
It was another volatile week on Wall Street as investors digested a slew of economic and earnings data. Apple was the big standout winner last week as the stock shot up to new highs after reporting earnings and legendary investor Warren Buffet announced he was increasing his position in the stock. In other news, the…