Market Update: Chop City On Tuesday, I wrote, “The market needs one more “push” higher to help the major indices all breakout and go topside.” Shortly after I hit send, Tillerson was fired and all the other lovely headlines were announced which clearly sent stocks lower. Honestly, the fact that the market is not “down”…
Market Update: One More Push Higher The market needs one more “push” higher to help the major indices all breakout and go topside. The big money continues to flow into tech stocks evidenced by the strong out-performance in the Nasdaq Composite, Nasdaq 100 and the Semiconductor index (SMH). The bulls really want to see the Dow Industrials, Dow Transports, S&P 500,…
Dear All: There are 10 new setups and 2 new working orders for your review Report attached – Find Leading Stocks Report 3.12.18 Recent Media: Reuters: Instant View: U.S. Nonfarm Payrolls Report Friday, March 9, 2018 CNBC Japan Asks Adam About The Market Tuesday, March 6, 2018 Reuters: Amazon mulling checking-account like product with big banks: WSJ…
Market Update: Steady Tape Steady as she goes is a good way to explain the current action on Wall Street. I have to say it is rather impressive to see the market “not fall” in the recent spate of negative headlines. Ryan Detrick, who runs research at LPL tweeted today, “Over the past 5 trading…