Short Term Pullback Due
Last week I mentioned the markets were bouncing off the “line in the sand” and where challenging the S&P 500’s high of 957. Fast forward to today and we can see the market has broken through the 957 mark and is trading above 980.
What does this mean? The market is telling us that the current [...]
BIG Bounce
Wow -last week I mentioned the “line in the sand” as the S&P 500 approached it’s 200 moving day average. With less bad news than expected, the market seems to believe this rally will continue into the summer. If the S&P can get above the June highs of 957, I would expect to see postive [...]
Line in the Sand
The S&P 500’s 200 day moving average has played an import role in the recent rally as a divider between buyers and sellers. We are once again at that “line in the sand”. The next 4 months are historically the weakest months for the market as traders go on vacation. We will have to keep [...]
