Tweet The Tape Is Weak In a normal, non easy money world, we would say the market is tracing out a classic topping pattern and the days are numbered for this bull market. Last week we saw several major global central banks become “less dovish.” That doesn’t mean they won’t announce more easy money if […]
Tweet Tuesday, November 2, 2016 4pm EST U.S. equities closed lower on Wednesday after the Federal Reserve kept interest rates unchanged, while worries surrounding the presidential election weighed on investor sentiment. “There’s no surprises here. This meeting was about setting the mood music ahead of the December meeting. All the signs now point to a […]
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Tweet Tuesday, November 1, 2106 U.S. stocks extended losses Tuesday, with the S&P 500 on track for a sixth consecutive loss, as investors grappled with a tightening presidential race, economic data and corporate earnings. Polls show the race between Democratic nominee Hillary Clinton and Republican rival Donald Trump continues to tighten. The latest ABC News/Washington […]
Tweet The Tape Is Getting Weaker The tape remains very split but is getting weaker. This was the 8th consecutive week that the S&P 500 and Dow Jones Industrial average closed below their respective 50 DMA lines. More worrisome for the bulls, the Russell 2000 broke below the neckline of a big double top pattern […]