Dear All: 1. There are 2 New Working Orders & 10 New Setups In This Week’s Report: 2. Recent Media: Investors Business Daily: Grain Stocks Growing High As An Elephant’s EyeFriday, July 29, 2016 US News and World Report: 8 Things to Look For in a Quarterly ReportTuesday, July 19, 2016 CNBC: Dow Futures Lower…
Market Update:The market is remains very strong as it simply refuses to fall. I’m a big fan of filtering out all the noise and focusing on price action to make sense of the market at any given time. For now, sellers are no where to be found and that simple tells you that – odds…
Market Update: The market is quiet right now as it pauses (which is healthy) to digest its recent and robust post-brexit rally. Remember there are two ways a market can digest a move (either pullback or move sideways). The latter is the more bullish scenario and that is what’s happening right now. Additionally, we have…
Market Update: Stocks edged higher today/this week and hit another record high as earnings continue to be released in droves. Microsoft (MSFT), Intuitive Surgical (ISRG) and Morgan Stanley (MS) were a few stocks that rallied today on earnings. Remember, we focus on how stocks react to the news, not the news itself. So far, the…