2016…a Strong Year on Wall Street

2016 will go down in the history books as a strong year on Wall Street. The major indices opened sharply lower, experiencing the weakest start to a year – ever…before the bulls showed up in mid-February and defended major support (1810 for the S&P 500). Once that level was defended, the market didn’t look back. […]

Week in Review: S&P 500 Setting Up for Another Run Higher… 12/23/2016

The S&P 500 is forming a bullish 3-weeks tight pattern as the major indices pause to digest the recent post-election rally.  So far, the action remains very healthy as sellers remain on the sidelines.  The Dow notched its 7th straight weekly gain and is on track to end 2016 on a strong note.  As we […]

Week in Review: Stocks Mixed as Fed Raises Interest Rates… 12/16/2016

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 […]

Week in Review: Central Banks Send Stocks Soaring… 12/10/2016

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 […]