Stocks ended mixed last week after the Fed raised rates for the second time in a decade and geo-political tensions flared up between the U.S. and China. Overall, stocks remain very strong and it is perfectly normal to see the market pullback and digest the recent and robust post-election melt-up. Not surprisingly, the areas that…
The melt-up continues as the market simply refuses to fall or even pullback and that strength needs to be respected. We know way too many people who are trying to fight this very strong bull market – to no avail. Last week, we wrote about the fact that the market was getting in trouble because…
The Nasdaq composite and the Nasdaq 100 have erased all of their post election gains which bodes poorly for the market. The very split tape we highlighted for you before the election – has become a lot more split since the election. The Dow closed above 19k and ended the week higher but all the…
Stocks are very strong and the fact that they continue to rally and hit new highs, illustrates that the bulls are clearly in control. The Dow jumped above 19,000 and the S&P 500 jumped above 2,200 last week and continued hitting new highs. In the short term, the market is overbought by any normal measure…