Market Update: Not much has changed since our Tuesday update. The market continues to be lead higher by the beaten down areas of the market that have lagged for the past 18-24 months. In the short term, the market is over bought and due to pullback a bit to digest its recent and robust rally…
Market Update: The short term conditions continue to improve. The bulls are getting stronger as the market continues to bounce hard from the Feb 11 low. Remember, bear market rallies are fast and furious and tend to last 4-12 weeks. This is the fourth week of this rally. So we may have some more room…
Dear All: 1. There are 10 New Tactical Trade Setups In This Week’s Report 2. Recent Media Appearances: WSJ: Why China’s Selloff Isn’t Bringing Down U.S. StocksThursday, February 25, 2016 CNBC: Dow jumps triple digits as oil gains; financials leadThursday, February 25, 2016 CNBC: Stocks mixed despite oil slide; Nasdaq holds higherFriday, February 19, 2016 CNBC: Dow…
Market Update: The oversold bounce continues (for now) as stocks staged a huge positive reversal on Wednesday and the Dow Industrials (DJIA) & SP500 (SPX) jumped above important areas of resistance (Feb’s high and their 50 DMA lines) on Thursday. For the month, the DJIA and the SPX are both positive which is also bullish….