[su_heading style=”modern-2-dark” size=”20″] Housekeeping [/su_heading] Happy 2016! Due to the shortened holiday week, this will be our only intra-week update. Stocks will be closed on Friday for New Years… [su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Historically, the so-called Santa Claus rally occurs in the last week of the year. Right on schedule, the bulls showed up and stocks are in…
Happy Holidays! Due to the shortened holiday week, this will be our only intra-week update. Stocks close early on Thursday (1pm EST) and will be closed on Friday for Christmas… [su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The market is still under pressure and there remains a lot of technical damage that needs to be repaired. The major indices…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] We began Tuesday’s update by saying, “The market is weak. The fact that it is barely bouncing even after last week’s shellacking shows us the sellers still have the upper hand.” And we ended it by saying, “So far, we want to express a cautious stance and as we have been saying for weeks,…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The market is weak. The fact that it is barely bouncing even after last week’s shellacking shows us the sellers still have the upper hand. Big caveat- of course, is the Fed tomorrow. That could drastically change the playing field but barring some large positive rally this week,…