Market Update: The market remains exceptionally strong as sellers remain virtually nonexistent. The major indices are hugging the 10 day moving average which is near term support. Below that is the 21 day moving average then the more popular 50 day moving average. The inability for the market to fall in a meaningful fashion illustrates how strong the…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: Bloomberg/ChinaTV: China’s New Housing Market Rules Thursday, February 22, 2017 CNBC: S&P, Dow And Nasdaq Post Record Closes Despite French Election Fears Friday, February 17, 2017 WSJ: Bullish Cotton Bets Fly in Face of Trump’s Trade Rhetoric Wednesday, February…
Housekeeping: Due to shortened holiday week, this will be our only intra-week update. Market Update: The market remains exceptionally strong evidenced by the fact there remains virtually no selling. Nearly, all pullbacks are very short term in nature, many lasting only a few hours, not even a day or two. That, ladies and gentlemen, is…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: CNBC: S&P, Dow And Nasdaq Post Record Closes Despite French Election Fears Friday, February 17, 2017 WSJ: Bullish Cotton Bets Fly in Face of Trump’s Trade Rhetoric Wednesday, February 15, 2017 CNBC: US stocks trade mixed amid Janet Yellen’s…