[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major averages bounced nicely today as the bulls continue to step in and buy any and all weakness. As long as this continues, the market deserves the bullish benefit of the doubt. Especially because the S&P 500 is less than 2% below its record high! To be clear, the…
[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_spoiler title=”Monday-Wednesday’s Action: Earnings Continue To Be Released” style=”fancy”] On Monday, stocks fell after a slew of biotechs got hammered. The benchmark S&P 500 hit a fresh record high on Monday but then turned lower which is not an ideal sign. The biotechs have been one of the strongest areas in the market over the…