Housekeeping: Due to my travel schedule, this will be the only intra-week update this week (unless market action warrants another). Market Update: Stepping back, the market remains very strong. The major indices continue to futz around just below recent lows as big money “rotates” from one area to another. The action remains very “tight” and…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: Forbes: Eddie Lampert Just Took A Play From Bill Ackman’s Playbook Thursday, January 5, 2017 CNBC: Stocks Slide Amid Uncertainty Surrounding Trump Policies; Financials Drop 1% Thursday, January 5, 2017 Forbes: Here’s The Major Problem With Wall Street’s 2017 Market Outlook Wednesday,…
Housekeeping: During Shortened Holiday Weeks, One Intra-Week Update Will Be Published (Not Two) Market Update: The bulls remain in clear control as any and all selling in the market remains short lived and is met by a lot of buying. Last week was a “down” week and the market had every chance in the world to…
Happy New Year! Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: Reuters: Wall St. Flat On Last Trading Day of 2016 Friday, December 30, 2016 Reuters: Wall Street Falls For First Time In Three Days Wednesday, December 28, 2016 CNBC: Stocks Close Flat As Dow Fails To Reach…