[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major averages appear to be getting weaker, not stronger. The good news is in most cases, the major averages are just below record highs or 15yr highs in the Nasdaq/Nasdaq 100. It is also healthy to see the primary driver for this entire 6 year bull market remains easy…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Bulls Not Going Down Without A Fight After all was said and done, underneath the surface, it wasn’t a pretty week on Wall Street even though the major averages held up better. On Monday, the benchmark S&P 500 hit a new high for the year, then turned lower after several…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major averages continue to drift lower as the technical damage underneath the surface gets worse. Barring some large unforeseen move before the close, the Major averages are on track to end mixed for the month: The Dow Industrials, S&P 500, Nasdaq Comp, Nasdaq 100 and NYSE Comp are all…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Over the last 48hrs, the market is trading in a sloppy fashion as the key biotech sector is trading all over the map. The bulls are currently doing their best to defend support for the $IBB (biotech ETF) near its 50 DMA line. So far, every time, this market shows…