Seasonal Uptrend continues!
HAPPY THANKSGIVING!!! All three major indices are holding up well trading above 10DMA despite low volatility. Economic news was good. The Philly Fed Manufacturing survey was strong 10.4 actual vs 7 estimated. Leading economic indicators fell in October by 0.1% vs 0.2% drop expected. Santa Claus rally continues with many reasons. Earnings picture looks bright. […]
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Seasonal Uptrend!
All three major indices made new highs. Trade deal seems to be close as per statements from Presidential Economic Advisor Larry Kudlow. Economic news was good. . Retail sales reports came in favorably helping stocks to move up. It’s beginning to look a lot like a Santa Claus rally as the S&P 500 pushes toward […]
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Market follow thru continues!
After overcoming resistance on both major indices’ week earlier, market followed up nicely this week with new highs. Trade Deal seems to be making progress from statements from China and White House. Economic news was good. Earnings reports are coming favorably helping stocks to move up from sound bases built over last two months. We […]
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Solid economic news drives markets higher
The stock market overcame resistance on both major indices and closed at new highs. Economic news was good. FED cut interest rate, economy added 128,000 jobs in October and GDP grew 1.9% in Q3. Earnings reports are coming favorably helping stocks to move up from sound bases built over last two months. Background news are […]
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