Market Update: Interestingly, the major indices are “up” for the week as investors continue to digest a slew of economic, earnings and Central Bank data. Earlier today, the European Central Bank held its latest meeting and press conference. Initially, Draghi, was dovish, then he turned hawkish, then he turned dovish again. Currency markets (Euro…
Market Update: Overall the action remains sloppy and the tape remains very split. The market is trying to bounce off support (Sep’s low for each of the major indices). Unlike past snap-back rallies off support, this rally feels a little weak. That doesn’t mean, the bullish pixie dust doesn’t show up as we approach…
Market Update: Today’s big sell-off illustrates how fragile the market is even as it trades just below its record high. The split tape we have told you about over the past few weeks is becoming “less split” as more and more areas are breaking down/getting in trouble. The Dow & S&P 500 sold off hard…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: CNBC: Stocks Fall As Dollar Jumps To Highest Level In Nearly 2 Months Tuesday, October 04, 2016 Forbes: Why Apple’s New iOS 10 Operating System Is Good For Its Stock Monday, October 03, 2016 CNBC: Dow Rises 100 Points…