[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] A Big Top & Markets Are Forecasting A Global Recession The damage last week was severe. The market is now on the cusp of rolling over and forming a new downtrend. We do not like to buy new stocks during a downtrend and “leadership” changes drastically during a downtrend….
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] A lot has changed since Tuesday’s update. To be clear, this is the time for defense, not offense. The bears are clearly in control and are getting stronger by the day.The market is now negative for the week, the major indices broke below last Wed’s low (was an important…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] he major indices continue acting well and have turned positive for the week (healthy sign). The market opened lower on Monday but the bulls immediately showed up and quelled the bearish pressure and sent stocks higher right after the open. Overnight China’s stock market plunged 6% (equals over…
[su_spoiler title=”Monday-Wednesday’s Action: China Devalues Currency” style=”fancy”] Stocks soared on Monday after more overseas news helped lift stocks. China’s Shanghai Composite jumped nearly 5% after below-consensus trade data from China was viewed as an argument in favor of more easy money. European stocks rallied on the news amid reports suggesting Greek officials and…