Archive - 2015

Market/Account Updates Weekly Stock Market Update

Happy New Year

Market Update Happy New Year Stocks bounced last week on very light volume and are now sitting right below multiple layers of resistance. Even with last week’s bounce, stocks are still in a downtrend. The advance we saw in stocks last week has...

Market/Account Updates Weekly Stock Market Update

House of Cards

Market Update House of Cards , I believe the stock market is in the process of rolling over. Support that was created last month was violated this past week. The next level of major support are the lows of August-September which is 6-7% below...

Market/Account Updates Weekly Stock Market Update

Broken Wedge

   Market Update In last week’s newsletter I wrote: “The only real positive that I see currently is market action. Stocks have been able to establish a pattern of higher-lows and this is now going to act as support for stocks. On the...

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Dark Clouds On The Horizon

  Market Update Dark Clouds On The Horizon Stocks ended the week about where they started, but this does not tell the whole story. Stocks fell hard on Thursday dropping 1.44% on high volume. Then on Friday stocks bounced decisively on even higher...

Market/Account Updates Weekly Stock Market Update

Gobble, Gobble

  Market Update Gobble, Gobble I am sending out my newsletter early this week since markets are closed today for Thanksgiving and only open half a day tomorrow. My comments are abbreviated because nothing changed this week. Stocks ended the day...