A Market Assessment for This Week A market assessment of this week would have to conclude that this market just doesn’t want to go down very much, despite the growing signs of weakness in the background. I detailed some of that weakness in last Friday’s post, which you can read here: Signs of Weakness in the Markets. And, in fact, more weakness appeared over the last … [Read more...]
Signs of Weakness in the Markets
Signs of Weakness in the Markets On Sunday, I published a post highlighting multiple signs of weakness that taken together indicated a down move was likely in the US Stock market as represented by the S&P 500 futures. At that point, we saw these signs of weakness: overbought conditions on the weekly and monthly charts, a lack of demand at new all-time highs in the … [Read more...]
Holiday Trading
Holiday Trading We are in the holiday trading period. The US stock market, as represented by the S&P 500 futures, is in a strong move up. Point & Figure Charts indicate a potential rally to about 3500. We’ll see. Nevertheless, we have entered the American holiday trading period, which typically runs bullish into year’s end. With that background in mind, we will … [Read more...]
