The bulls have been waiting for a catalyst to send the Dow above 20k and it turned out to be Trump’s first week in office. The Dow broke above 20k and the S&P 500 briefly broke above 2,300 over the past few days. The key now is to see if the gains can hold. Elsewhere, the…
Stocks ended lower last week as the market simply pauses to consolidate a very strong post-election rally. The major indices were very extended from the norm and are simply pulling back a little to consolidate a very strong rally. The small-cap Russell 2000 pulled into its 50 DMA line, which is the next logical area…
Once again, the bulls remain in clear control and continue to quell any bearish selling. The market had several chances to fall (since the election) and simply refuses to do so. The fact that it refuses to fall illustrates how strong the bulls are right now and bodes well for the market. Small caps…
The bulls are resilient. The market had every chance in the world to fall and didn’t last week. Instead, it edged higher and ended the week in the black. The strong areas of the market continue acting well as they pause to consolidate a very strong post-election rally. The Financials edged higher last week and…