US - Market Direction 40 (May 17 - Feb 18)

Re: US - Market Direction 40 (May 17 - Mar 18)

Postby winston » Mon Feb 26, 2018 8:46 am

MARKET SUMMARY

- Stock indices resume the upside rally after the pause.
- Solid breadth, pathetic volume as NASDAQ leads higher.
- Fed speakers try to tone down the hawkish rhetoric, but they will have to acknowledge their Phillips Curve -- or make excuses not to a la Yellen.
- Money leaves the market just as the market consolidates and breaks higher.
- Still some decent patterns in some leaders, others forming up and moving up.
- Okay, so a further rebound, but still have to watch for it to fade and be ready either way.

Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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