[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The action over the past week has been nothing short of “sloppy.” Typically, sloppy action in an aging bull market (present bull market is old by any normal measure and is getting ready to turn 7 in March 2016) is not healthy and precedes a big decline. Furthermore, we don’t like…
Where’s the Data? & Would You Place This Trade? We don’t think the Fed will raise rates when they meet next week and here are 10 reasons why: First and foremost – The Fed is data dependent – Where’s the data that warrants a rate hike right now? The Fed has a dual…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The market continues to “pause” and “digest” late August’s steep sell-off. So far this is “normal” action after a big move and we have to expect the market to move sideways until the S&P 500 closes above near term resistance (1993) or below near term support (1867). Until…
[su_spoiler title=”Monday-Wednesday’s Action: Wild Swings Continue” style=”fancy”] Stocks fell on Monday on the latest trading day of the month. The major U.S. indices fell over 6% in August, posting their worth monthly decline in several years. The big news came from Oil. Oil prices continued their week-long surge. Over the past 5 days…