[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indices continue to push higher and are following the script we outlined for you over the past few weeks almost perfectly. The bulls continue to “rotate” from one sector into another and all pullbacks remain shallow in both size (small % decline) and scope (short in duration). The…
[su_heading style=”modern-2-dark” size=”20″] Market Update: Bulls Remain In Control [/su_heading] For the week, the bulls emerged victorious as the major indices positively reversed (opened lower and closed higher) which is a subtle and bullish sign. On the downside, the economy was the big loser after the latest round of “data” showed the economy remains weak. That…
[su_spoiler title=”Monday-Wednesday’s Action: Economy Data Fails To Impress” style=”fancy”] Stocks opened higher on Monday but closed lower as the market paused to digest the big post-jobs rally. San Francisco Fed President John Williams, a voting member of the FOMC, said he believes Q1 economic weakness was an anomaly and that he is looking forward to…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] We started Tuesday’s update by saying, “The market remains strong and the fact that it refuses to fall is bullish. Especially, when you couple it with the fact that almost everyone doesn’t “trust” this market and the major averages are trading less than 3% below their 2015 and/or record highs.”…