Housekeeping: Happy Turkey! The market will be closed on Thursday for Thanksgiving and it will close early (1pm EST) on Friday. Due to the shortened holiday week, this will be our only intra-week update. As always, we will have a full report for you this weekend. Market Update: The major indices continue acting very well…
Dear All: 1. There are 11 New Setups In This Week’s Report 2. Recent Media: CNBC: Russell 2000, mid-cap stocks hit new highs as large caps slow down Thursday, November 17, 2016 CNBC: Stocks gyrate as energy falls 1.5%, but on track for best weekly gains of 2016 Friday, November 11, 2016 Reuters: Trump rally…
Market Update: The market continues to act well since last week’s strong rally. The fact that the market refuses to fall illustrates how strong it is right now. Remember, there are two ways a market can consolidate a recent move- either move sideways or retrace a portion of the move. In this case, the market…
Market Update: The market continues pausing to digest last week’s very strong election rally. It’s perfectly normal to see the market pause a little to catch its breath. Under the surface leadership continues to change. First it was the Nasdaq and tech stocks that were leading but post election, The Nasdaq has lagged while the…