WEEKLY MARKET OVERVIEW Last week started with a gap down at the opening on Monday, followed by a failed rebound, and finally more selling pressure running into the week’s end. Despite the choppy price action in the second half of February, the overall post-election uptrend is pretty much still intact, with the S&P500 (SPY) sitting …
WEEKLY MARKET OVERVIEW In this four-trading-days week, the markets have been consolidating above the new support levels. Despite the indexes being mostly in the red every single day, the overall weekly losses have been pretty modest, with prices still reasonably close to all-time highs. If this is the most bears can achieve, the general near-term …
WEEKLY MARKET OVERVIEW After a new breakout to all-time highs at the end of the previous week, the market has been consolidating above the new support level (former resistance) for the entire last week, still keeping an overall bullish mood, and closing on Friday once again to a new record level. Not too much to …
WEEKLY MARKET OVERVIEW The last painful week of January has been completely forgotten with the market not only recovering completely from the losses but also pushing to a breakout of all-time highs that so far has been successful. We’ll be opening next week in deep overextension on the upside, and after such monstrous weekly gains, …
