Hurricane Matthew: For all those who are in the path of the storm, please be safe… Our weekend report might be delayed, depending on the damage. Market Update: The split and somewhat sloppy “up” then “down” market action we have seen since September 9th continues as the market waits for tomorrow’s always fun jobs…
Market Update: The market is under pressure after a few Fed officials came out over the past 24 hours and said the Fed should raise rates as soon as November. In my humble opinion, the only way the Fed will raise rates in November is if Hillary is leading by double digits. Earlier today, the…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: CNBC: Dow Up Triple Digits As Street Keeps Eyes on Deutsche Bank Friday, September 30, 2016 CNBC: Stocks Fall Sharply; Deutsche Bank Down 6.5% Thursday, September 29, 2016 Reuters: U.S. Stocks- Wall Street Rises As Energy, Financial Stocks Gain …
Market Update: The very split tape we have mentioned all month continues as the Nasdaq 100 and Semiconductors continue to lead while most of the market continues to lag. The Dow & S&P 500 are both rolling over after encountering stubborn resistance near their respective 50 DMA lines. Today’s “trigger” was a headline that said some clients…