The Dow has rallied over 3,000 points since the Christmas bottom (basis futures) and most indices are up 14 of the past 17 trading days. Financials have had their 2nd most rapid ascent in 20 years over a 15 day period. What’s more impressive is the psychology of the market…
{Follow model portfolio table & favored stocks below} Select commentary: 01-17-19 We have been expecting the obvious resistance in the low 2620’s SP to break & today we had the odd excuse to breakout on a false rumor that Trump would suspend tariffs on China as a gesture. After POTUS…
Santa was right on time this year, but unlike last year’s not stop sleigh ride to record heights, this year he left investor stockings with lumps of coal. The major US stock market indices fell 20% on average into the Christmas day low, with a climactic 4 day plunge of 2,500…
01-17-19 With the Dollar strength this week & commodities pulling back into their old ranges we have taken small profits awaiting either an upside breakout of – preferably – oversold conditions on the downside to enter numerous Buy orders. Apparently false rumors of Tariff suspensions on China sent stocks, Ags, Aussie &…
President Trump campaigned in 2016 on making the US Dollar weak again to reduce the endless wave of record trade deficits with China. Clearly he delivered on that pledge throughout 2017 as the Dollar Index fell 12% and devalued almost 11% against the Chinese Renminbi (Yuan). While Trump delivered on…
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