Week-In-Review: Bullish Pattern Forming On Wall Street The market is forming a bullish handle pattern in a larger U-shaped (a.k.a. cup) shaped based. The major indices are tested major support near their respective 50 DMA lines on Thursday. For now, that is the next important level of support to watch. The next level of…
Week-In-Review: Two Things That Are Driving Stocks Right Now The market is focused on the next round of stimulus and earnings right now. The election is less of a concern at the moment because it is still a few weeks away and, at this point, just about everyone has made up their mind on…
Week-In-Review: Bulls Defend Important Support The market had every chance in the world to fall last week and instead it rallied. That tells you everything you need to know about the current state of the market. The bulls are in clear control and remain in clear control as long as the major indices stay…
Week In Review: Stocks End Week Mixed As The 3rd Quarter Winds Down The market ended the week mixed as the third quarter winds down. The third quarter started off strong, but sellers showed up in early September and sent stocks lower in the last few weeks. We are still “up” on the quarter…