Distribution – Pullback Imminent
Short-term
Last week we rallied on Monday and faded the rest of the week. Ideally we will see a final push up early this week....
FOMC
Short-Term:
There was no update last week since all prior points were still applicable.
We saw the bounce over the last 2 weeks as we expected....
8 More days
Short-Term:
Bears attacked almost all last week. We saw a try at the top of the downtrend line early on Monday as expected. We then...
Here Comes Santa?
Short-Term:
As expected the Fed raised the Federal Funds Rate by .25% and increase the numbers of expected hikes in 2017 to 3. The market...
President Trump
Short-Term:
Last week we went nowhere. As we noted we have now officially entered a range phase. Over the last year, this phase has lead...
Zero Gravity
It has been a while but we decided it was a good time to drop a post.
The first point I want to make is...
1st and Goal
Bulls attacked again with the SPX finishing up almost 23 points. They are winning the fight at this point and are poised to break...
Bulls Last Stand
Short-term:
Two weeks ago, we saw the bounce we expected but, the bounce was weak. Bears then got the...
Range
Short-Term:
Last week we treaded water a bit but Bulls were able to close strong on Friday. This increases Monday's importance. Another Strong up day...
July will Be the Key
Short-Term:
Well Britain did it. They voted to leave the EU and the market took a beating. Most investors were completely blindsided as many polls...