Strong Economy is the Fuel for the Market!
The S&P was up 1.1% last week, just below the September 2018 all-time high. This could act as psychological barrier, short-term. Oil prices remain near recent highs. Strong GDP growth with low inflation seems an ideal backdrop for the market. Google & Apple is reporting earnings on Monday & Tuesday. Uber might go public as […]
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No Surprises in Mueller Report!
Market is still close to last year highs. It barely moved (-0.25%) in last week. Mueller report came out with no ‘surprises’. Market yawned while Washington is trying to make sense of the report. US economic news remain positive with retail gaining steam and job reports remain strong. The market is in ‘Confirmed Up trend’. […]
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Indexes Testing Last Year Highs!
Market is testing Q3 2018 highs after strongest performance since Q1 of 2009. Healthy market should take a pause here before attempting to make new highs. US economic news are positive. US- China seems to be close to reaching trade deal. The market is in ‘Confirmed Up trend’. Our models are positive for intermediate & […]
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Chinese economy provides fuel for the market!
Market does not seem to take a breather after strongest performance since Q1 of 2009. News of improving Chinese economy is adding wings to this market. SPX has closed above resistance zone around 2815. It suggests global economy may be coming out of soft patch. BREXIT has been postponed till May 22. The market has […]
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