FLS Mid-Week Update: Time For A Bounce…  07/05/2017

FLS Mid-Week Update: Time For A Bounce… 07/05/2017

Housekeeping: Since this is a shortened holiday week this is our only intra-week update.  Market Update: A Near-Term Low The tape remains split as investors continue to move money around beneath the surface. All things being equal, the market feels like it just put in a near-term low today. Of course, if the Nasdaq takes out…

FLS Update: Bulls Defend 50 DMA Line – For Now… 06/29/2017

FLS Update: Bulls Defend 50 DMA Line – For Now… 06/29/2017

Market Update: Nasdaq Forming Head & Shoulders Top In a normal world, the market is in the process of tracing out a near-term top. I made the case in this story on Forbes earlier today.  – Read Here. I say “normal” because this market has been anything but normal. If the Nasdaq closes below the 50 DMA and…