Market Update: The market is doing its best to bounce from oversold levels. The action remains sloppy and there just remains a dearth of quality leadership. In normal times, today’s reversal should mark a near term low, especially because we are entering end of month and end of quarter (upward bias). Of course, this time…
Market Update: What a difference a few bad days make in the market. Sellers showed up last Friday and we have seen a lot of technical damage emerge as government bond yields continue to plunge. In the short-term the market went from being over bought to oversold and could easily bounce here. But big picture,…
Dear All: 1. There are 10 New Tactical Trade Setups In This Week’s Report: 2. Recent Media: Bloomberg: Unleashing the New Bull Market in Commodities Friday, June 09, 2016 Bloomberg: Oil and Commodities: Breaking Out or Breaking Down?Friday, June 09, 2016 Reuters: US STOCKS-Wall St falls with oil, worries about global economyFriday, June 09, 2016 MarketWatch:This shows…
Market Update: The market remains very strong as the bulls showed up today, defended support, and once again sent stocks higher in the afternoon (a bullish sign). The S&P 500 remains very strong and the big area we have writing about was 2111, that area was defended today so effectively, resistance became support which is…