Stocks Rally On Trump’s 2nd Week In Office I mentioned last week that the market was extended and due to pullback. That happened but only lasted a few days. Stocks rallied last week as investors digested a slew of economic, earnings, and central bank data. The big take-away is that the bulls remain in clear…
Stocks Rally On Trump’s 1st Week In Office The bulls have been waiting for a catalyst to send the Dow above 20k and it turned out to be Trump’s first week in office. The Dow broke above 20k and the S&P 500 briefly broke above 2,300 over the past few days. The key now is to…
Stocks Quiet As President Trump Takes Office Stocks ended lower last week as the market simply pauses to consolidate a very strong post-election rally. The major indices were very extended from the norm and are simply pulling back a little to consolidate a very strong rally. The small-cap Russell 2000 pulled into its 50 DMA…
All Eyes On Earnings Once again, the bulls remain in clear control and continue to quell any bearish selling. The market had several chances to fall (since the election) and simply refuses to do so. The fact that it refuses to fall illustrates how strong the bulls are right now and bodes well for the…
Nice Start To 2017 The bulls are resilient. The market had every chance in the world to fall and didn’t last week. Instead, it edged higher and ended the week in the black. The strong areas of the market continue acting well as they pause to consolidate a very strong post-election rally. The Financials edged…
2016 Was A Strong Year On Wall Street 2016 will go down in the history books as a strong year on Wall Street. The major indices opened sharply lower, experiencing the weakest start to a year – ever, before the bulls showed up in mid-February and defended major support (1810 for the S&P 500). Once…
Bullish Pattern Develops On Wall Street The S&P 500 is forming a bullish 3-weeks tight pattern as the major indices pause to digest the recent post election rally. So far, the action remains very healthy as sellers remain on the sidelines. The Dow notched its 7th straight weekly gain and is on track to end…
Stocks End Week Mixed After Fed Raised Rates Stocks ended mixed last week after the Fed raised rates for the second time in a decade and geo-political tensions flared up between the U.S. and China. Overall, stocks remain very strong and it is perfectly normal to see the market pullback and digest the recent and…
Central Banks Send Stocks Soaring…Once Again The melt-up continues as the market simply refuses to fall or even pullback and that strength needs to be respected. We know way too many people who are trying to fight this very strong bull market – to no avail. Last week, we wrote about the fact that the…
Market Rally Fading? The Nasdaq Erased All It’s Post Election Gains The Nasdaq composite and the Nasdaq 100 have erased all of their post election gains which bodes poorly for the market. The very split tape we highlighted for you before the election – has become a lot more split since the election. The Dow…