Market Update: Wednesday was the first day we saw a little selling emerge since Brexit. The operative word is “little” as the market still remains very strong. The selling yesterday came from Gold/Silver stocks and from biotech/healthcare. Biotechs and healthcare stocks fell after Mylan ($MYL) hiked prices for their EpiPen by 600%. Why any company…
Market Update: The action on Wall Street remains very strong as the market continues sitting tight after a very strong 10% post brexit rally. At this point, quiet is good and the market has earned the bullish benefit of the doubt. Underneath the surface, the action remains very healthy as there continues to be virtually…
Dear All: 1. There are 10 New Setups In This Week’s Report: 2. Recent Media: Forbes: Jail Stocks Slammed As DOJ Announces End To Private Prison Use Thursday, August 18, 2016 CNBC: US Stocks Close Mostly Higher After Fed Minutes; Utilities Jump More Than 1% Wednesday, August 17, 2016 Forbes: George Soros Still Bearish on Stocks,…
Market Update: Finally, after a very strong 8-week rally, the market is trying to pullback and so far this appears to be a normal and healthy pullback. The fact that this market refuses to fall continues to illustrate how strong the bulls are right now. We do want to note that the major indices all…