Dear All: 1. There are 10 New Setups In This Week’s Report: 2. Recent Media: CNBC: Stocks hold higher as tech leads; oil sheds 2% Wednesday, September 14, 2016 CNBC: Stocks rally over 1% after Fed’s Brainard speaks; telecoms jump 2% Monday, September 12, 2016 Forbes: Fed Spooks Markets; Dow Negates Big Breakout Friday, September 09, 2016 Forbes: An Open…
Market Update: The tale of two tapes returns to Wall Street as the Nasdaq Composite, Nasdaq 100, and other semiconductors-type stocks continue to woefully outperform while the Dow, S&P 500 and Russell 2000 type stocks are lagging. Just to be clear, this market is not “normal” by any measure and the action is extremely erratic…
Market Update: I want to begin by repeating what we said in our weekend note, defense is paramount at this juncture. The Central Bank interference is beyond nauseating and eventually markets will stop reacting so well to all the easy money sloshing around the globe. Friday was a brutal day, yesterday was impressive. As of this writing,…
Market Update: The market continues acting very well as the major indices remain perched just below record highs. The Nasdaq 100 hit a fresh record high earlier today and the fact that the market refuses to fall – illustrates how strong the bulls are right now. So far, nearly all the major economic data continues…