Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: CNBC: Dow, S&P and transports close at all-time highs as stocks surge more than 1% Wednesday, December 07, 2016 CNBC: Nasdaq tumbles as tech stocks fall 2 percent; oil prices surge Thursday, December 01, 2016 CNBC: Nasdaq hits record high as stocks…
Market Update: Stocks continue to race higher as institutions are buying up big cap tech today. The QQQ is breaking out and several big cap tech stocks are racing higher and moving above early entry points highlighted in prior reports. The market looks strong and unless we get a huge hawkish surprise from the Fed…
Market Update: Earlier today, the ECB announced more easy money – by extended QE until December 2017 (initially was going to end in March 2017). Draghi held rates steady and extended QE until December 2017. Currently, the ECB is buying 80 billion euros a month and that will drop down to 60 billion starting in April 2017….
Market Update: Over the weekend, Italy voted “no” and the market brushed off the news in a matter of minutes. Italy was different than Brexit and the U.S. election because most people thought the no party would win. (In case you are not familiar with the details – this article explains what happened –read here). Stepping back, the…