Market Update: The market fell on Monday, erasing most of the Post Fed Rally, then the bulls showed up and sent stocks higher (as of this writing) on Tuesday. If the bulls continue to send stocks higher, then you can easily see a strong weekly chart (open lower and close higher). If the market can breakout…
Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: Forbes: Facebook Is In Hot Water: What’s An 80% Error Between ‘Friends?’ Friday, September 23, 2016 Forbes:3 Timeless Lessons You Can Learn From The Wells Fargo & Mylan Scandals Wednesday, September 21, 2016 CNBC: Stocks close higher as Fed, BOJ…
Market Update: The market jumped nicely after both the Bank of Japan and the U.S. Federal Reserve reiterated their easy money stance. The Dow is still below its 50 DMA line but the Nasdaq, S&P 500 and small-cap Russell 2000 are above that important level. Underneath the surface, the “action” is not the strongest -but…
Market Update: The tape remains split as the Nasdaq 100 type stocks are leading while the Dow & S&P 500 are lagging (still trading below their respective 50 DMA lines). In the short term, the action is getting “better” but was my good friend GaryK says, “Don’t Blink.” The market is at the mercy of…