Markets proceed higher on optimism
On 12/29 I stated the NASDAQ had closed below the November highs, it was testing the 20 DMA, and it was a decision point for the index relative to short-term direction. Since that day the index has gained 6.7%. The decision was to move higher. Over the last three weeks, we have seen optimism over tax reform, earnings, and the new year.
Optimism returns as buyers push index to new highs
OUTLOOK: January 18th So much for the sellers and worries over the budget... the markets rose more than one percent[...]
Buyers remain optimistic as they eye the start of earnings
OUTLOOK: Week of January 16th Investors shed worries over China and Treasury bonds and focus on earnings. The outlook is[...]