Housekeeping: Due to the shortened holiday week, this will be our only mid-week update. Market Update: Wednesday is turning into a big defensive day for the market. So far, the market is being defended nicely today as the bulls showed up and protected the 50 day moving average line for the major indices. This is…
Market Update: Tuesday morning, Draghi juiced markets when he said central banks need “more coordination.” That basically gave investors (and central banks) the ‘All Clear’ to buy stocks and ramp the market into the end of month/end of quarter. The action we have seen over the past few days is not “normal” by any…
We received quite a few thank you notes for adopting our cautious stance BEFORE Brexit and largely sidestepping the damage. That’s exactly why we are here & why we created this service for you. Market Update: The damage since Friday is enormous, markets are currently oversold and due to bounce. That’s what we are seeing this…
Dear All: 1. There are No New Setups In This Week’s Report: 2. Recent Media: CNBC: Dow tops 18K as stocks surge more than 1% ahead of Brexit vote resultsThursday, June 23, 2016 Reuters: US STOCKS-S&P 500 futures fall as ‘remain’ barely leads in early UK vote countThursday, June 23, 2016 Reuters: Sarhan in Reuters: Wall Street set…