Category Archives: Market Update

A Tale of Two Markets

It is common to see the DOW, S&P 500, and Nasdaq move in tandem with each other.  The correlation is helped impart by the popularity of market ETFs such as DIA, SPY, and QQQ. However lately I have noticed a … Continue reading

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Second Leg of Rally Continues

 Prices continued higher going into the Holiday weekend as the second leg of the post-election rally continues. Indicators on the DOW daily chart are starting to show that the rally may be nearing the end of the move.  In the next few … Continue reading

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DOW 19,000

The market hit all-time highs today as the post-election rally continues. Based on the charts, it is a possibility that this rally is being fueled by money flowing out of the bond market and into equities.  It is my opinion that the … Continue reading

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Rally’s Second Move

The second move of the postelection rally continued today.  May see the rise continue tomorrow.  However, I expect the market to flatten as Thanksgiving approaches.  After the holiday I would not be surprised to see profit taking near the end of … Continue reading

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Consolidation Continues

Market price continued to move mostly sideways for most the day as the market digest the post-election gains.  Stocks began to rise slightly in the afternoon closing the day slightly up. I anticipate similar price action to continue through tomorrow with … Continue reading

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“Trump Rally” Takes a Breath

The market moved mostly sideways in a consolidation move after the last seven consecutive up days.  May see this continue for the next couple days as the market digest the gains.  Given the size of the rally and the time of … Continue reading

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“Trump Rally” Continues

Dow Jones: 18,923.06 +54.37 (0.29%) S&P 500: 2,180.39 +16.19 (0.75%) Nasdaq: 5,275.62 +57.23 (1.10%) The market continued to rally for the 7th straight day since the Donald Trump was elected president on November 7th.  We may see a consolidation and may … Continue reading

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