[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The stock market is getting weaker, not stronger. Over the past few months we have mentioned the disconcerting (bearish) signals that were emerging on our radar. Notwithstanding more easy money from the Fed/other central banks, the market appears to be forming a major top. Leadership has narrowed substantially over…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] July 2015 was a volatile month as investors had to navigate two potential external shocks (Greece and China) and digest a slew of economic and earnings data. After all was said and done, stocks ended the week and month higher after successfully testing critical support (bottom of the year-long…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The year-long trading range we have seen on Wall Street continued as the benchmark S&P 500 pulled back last week after flirting with resistance (the top of its year-long range). There is a very high probability that the major averages are forming a large topping pattern after a strong…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks rallied nicely last week helping the tech-heavy Nasdaq 100 breakout of its year-long range and hit a fresh 15-year high. The market was able to breathe a collective sigh of relief when the two big threats (Greece and China) were temporarily resolved. Stocks rallied after it became clear…