Week in Review: Bulls Gobble Up Stocks On Shortened Holiday Week… 11/26/2016

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 […]

Week in Review: Stocks Pause After Trump Rally… 11/19/2016

Stocks are strong. Small and mid-cap stocks led the way higher last week as the small-cap Russell 2000 ($IWM) and mid-cap S&P 4o0 ($MDY) broke out of big bases. For now that is bullish action and illustrates strong appetite from investors of all size. Meanwhile, the popular indices paused to digest a very strong election […]

Week in Review: Dow Erases 3 Months of Losses in 3.5 Days!… 11/12/2016

Last week was a very important week on Wall Street.  The bulls stepped in and defended major support (the longer term 200 day moving average line) and erased three month’s worth of losses in 3.5 days!  The market likes Trump’s pro-growth policies and is clearly giving him the bullish benefit of the doubt. Even large billionaire […]