Market Update: Earnings In Focus Once again, the major indices are nicely above their respective 50 DMA lines. That doesn’t mean they can’t continue to rally- just that odds favor a near term pullback may occur to digest the recent run. The fact that we are entering the heart of earnings season (next few weeks)…
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Market Update: Stocks Are Strong On Tuesday, I wrote, “The only thing I have to say now is that the market is getting a little ahead of itself again and I wouldn’t be surprised to see a nice pullback to digest the recent gains.” Almost on cue, the market fell hard on Wednesday (enter any…
Market Update: Stocks Are Strong In last Tuesday’s intra-week update I wrote, “Monday was a big support day for the market. Last week we saw the major indices flirt with important support (some days close below it – some above it) but Monday support was tested- and defended (Look at the IWM, QQQ, and…