Market Update: Notwithstanding more easy money from global central banks, the stock market is forming a huge top and continues getting weaker, not stronger. Keep in mind, every bull market in history has a definitive beginning and a definitive end. This bull market began in early 2009 and is getting “old” by any…
Market Update: In a normal environment (and this market is anything but normal) we would say without a shadow of a doubt that the market is topping out and ready to fall. This bull market is getting older, not younger and the market action getting weaker. The S&P 500 is only up 30 points from…
Market Update: The sideways/choppy action that has dominated the tape since Sep 9th continues as investors desperately look for clarity and a bullish catalyst. Leadership has narrowed considerably in recent weeks and the tape remains very split. We are approaching the last few trading days of the month- which tend to have a slight upward bias. …
Dear All: 1. There are 11 New Setups In This Week’s Report 2. Recent Media: CNBC: S&P turns positive as consumer discretionary leads; dollar hits 7-month high Friday, October 21, 2016 Reuters: Dollar hits eight-month high; stocks set for weekly gain Friday, October 21, 2016 Reuters: US STOCKS-Health, energy stocks hit Wall St, Microsoft lifts Nasdaq…