[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] In the short-term the market remains range-bound while the intermediate and long term action remain strong. All the major averages are only 1-3% below their record highs which is a strong sign of strength. To be clear the tape remains very split with so many areas breaking down and acting…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The title of Tuesday’s update was, “A Little Negative Divergence Forming.” That is exactly what happened…The major averages fell yesterday after optimism around a potential Greek deal dissolved. Technically, the market remains very split as teh Transports ($IYT) and Utilities ($XLU) broke support this week and continue to weigh…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The bulls remain in control of the market as the major averages and several leading stocks continue acting very well. The small-cap Russell 2000 index and Nasdaq composite broke out to new highs recently and continue to lead their peers. Meanwhile, the Dow Industrials & the benchmark S&P 500…
[su_spoiler title=”Monday-Wednesday’s Action: Buyers Bought The Dip” style=”fancy”] Stocks fell on Monday after Greece failed to reach a deal over the weekend. We would be remiss not to note that European stock markets fell but the euro rallied on Monday. The European Central Bank President Mario Draghi allayed concerns when he said the ECB would…