Market Update Stocks are falling again this week as last week’s end of month window dressing trade is being unwound. We saw this happen at the end of Dec/into early Jan as well. Right now, the market remains VERY weak and instead of bouncing it is moving sideways as it pauses and tries to digest…
Dear All: 1. There are 12 New Setups In This Week’s Report 2. January 2016 Media Appearances: Reuters: Amazon shares plunge as record profit still misses estimatesFriday, January 29, 2016 Reuters: US Fed keeps rates unchanged, sees inflation low in near-termWednesday, January 27, 2016 Reuters: Wall Street turns red after Fed statementWednesday, January 27, 2016 …
Market Update: So far Last Wednesday’s lows are holding, and for us, that’s all that matters. Tomorrow is the last trading day of the month and we have seen in near classic form, stocks rally in the latter half of the month. That event doesn’t officially occur because it is illegal and also called window dressing. We…
Market Update: Stepping back, (barring QE 4 or more money printing of some sort) we are still in the early stages of a new bear market for stocks. At this point, we continue to bounce from deeply oversold levels. A Low, Not THE Low: So far, last Wed’s intra-week update was spot on as…