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.
OUTLOOK: January 22nd Friday concluded a week of ups and downs ending on a positive note. The small caps led the upside resuming the uptrend. Consumer stocks continue to lead and healthcare hit new highs. Read More
OUTLOOK: January 19th The indecision of investors is becoming the bigger question for me of late. Yes, there are worries about the government shutdown, the price of stocks, interest rates, oil prices, and the dollar Read More
OUTLOOK: January 18th So much for the sellers and worries over the budget… the markets rose more than one percent on Tuesday as money flowed into stocks as investors welcome earnings with open arms. Large-cap Read More
OUTLOOK: January 17th The markets ended Tuesday in the red as money looked for a home. The worries about a government shutdown were the rationale as Congress failed to reach a budget or terms for Read More