Moreover, the S&P 500 has formed a series of lower highs (attached) since hitting a record high last May (2,134). If this latest high fails, it will be the 5th consecutive lower high and further build the case for…
Dear All: 1. There are 10 New Tactical Trade Setups In This Week’s Report 2. Media: Reuters: Energy Shares Drag Wall Street Down, Yellen Speech AwaitedTuesday, March 29, 2016 Reuters: Wall Street Week Ahead: Economic Data could Put Stocks Back On Higher PathFriday, March 24, 2016 CNBC: Stocks Snap 5-Week Win StreakFriday, March 24, 2016 …
This was a historic quarter by any normal measure. The major indices had the worst start ever to a year, then stocks reversed on Feb 11th and the Dow had the largest positive reversal since 1933! ….We are very well positioned to capture big moves in the months ahead…
The bulls remain in clear control of this market. The clear theme since the Feb 11th low is that, for now, easy money reigns supreme. Dr. Yellen spoke today and largely reiterated her recent easy money stance. A few other Fed officials…