FLS: Buy The Rumor, Sell The News ECB Fires A Blank Shot 03/10/2016

Market Update:​ It’s a wild day in global markets. Today’s action reminds me of the old Wall Street adage: Buy The Rumor, Sell The News. Over the past four weeks (since the Mid-Feb low), we have seen HUGE moves in global capital markets (Buy The Rumor).The benchmark S&P 500 index soared +11% in 3.5 weeks…

FLS: The Long Over Due Pullback Has Arrived 03/08/2016

​​​Market Update:​Finally, time for a much needed pullback. The market is pulling back from very over bought conditions. The key now is to analyze the health of this pullback to see if it is shallow and constructive or if it just rolls right over like what happened after the Jan bear market rally failed. Beaten…