Market Update:The market refuses to fall and the fact that it refuses to fall -illustrates how strong the bulls are right now. Pullbacks are lasting 24-48 hours which is very short. A market that can not pullback is one that wants to move higher from here. The big fundamental and bullish backdrop remains easy money…
Market Update: The market is very strong and the fact that it refuses to fall – even though it is “up in the trees” and very extended – illustrates how strong the bulls are right now. I continue to see a very strong great mini rotation occur beneath he surface as the big money continues to rotate from one…
Dear All: 1. There are 10 New Setups In This Week’s Report: 2. Recent Media: CNBC: Nasdaq, S&P Close At All-Time Highs; Dow Jumps 1% After Jobs Beat: Friday, August 05, 2016 Reuters: Wall Street Set To Open Little Changed After Bank of England Cuts Rates: Thursday, August 04, 2016 CNBC: Dow snaps 7-day losing streak; oil…
Market Update:After 5 straight up weeks the market is pulling in to consolidate that very strong rally. Since the post brexit low in late June, the benchmark S&P 500 soared over 9% in 5 weeks and is now pulling back. 9% in 5 weeks is not an insignificant sum and markets do not go straight…