FLS Update: Bulls Still Fighting… 06/22/2017

FLS Update: Bulls Still Fighting… 06/22/2017

Market Update: Bulls Are Still Fighting Tuesday’s update said, “As long as the major indices stay above their respective 50 DMA lines, the bulls remain in control.” So far, that is exactly what is happening. The market refuses to fall in a meaningful fashion, big institutions defended support (so far), and money is rotating into undervalued areas. On…

FLS Update: Cracks Beginning To Emerge… 06/20/2017

FLS Update: Cracks Beginning To Emerge… 06/20/2017

Market Update: Cracks Beginning To Emerge As long as the major indices stay above their respective 50 DMA lines, the bulls remain in control. But beneath the surface cracks are beginning to emerge. We saw the market fall hard on heavy volume on 5/17 then rally back on light volume and hit new highs. Then, on…

FLS Update: Stocks Bounce Big As Bulls Defend Support… 06/13/2017

FLS Update: Stocks Bounce Big As Bulls Defend Support… 06/13/2017

Market Update: Stocks Are Strong Well, that pullback didn’t last long. The market is not done pulling back but if we hit new highs again (within the next week or two) this will be the textbook example of how bull markets behave. Remember, we are entering end of month and end of quarter so there…