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Hang in there, the bull market is still alive!
June 24, 2017

Stock Market Experiencing a Period of Consolidation

Following on from our article last Thursday, “Stock Market Pauses before Continuing Rally”, a state of flux seems to be continuing.

There has been plenty of action during the past week with incredibly pronounced sectors and remarkably vicious rotations into and out of them, but as stated in the article mentioned, there is not a lot of information or events likely to move stocks right now; but be prepared to follow-through if and when this occurs.

Overall, U.S. stocks closed with little change for the week, with the Dow and S&P posting small gains in the period......

continue reading…..

Best of Trading,
Ian Harvey
Director of Stock Options Made Easy

Stock Market Pauses
before
Continuing Rally

There has been a bumpy ride as of late for the stock market, with the tech, energy and financial sectors taking hits!

Yesterday saw the Dow Jones Industrial Average (DJIA) struggling, with further bearish action on oil prices. The S&P 500 Index (SPX) was also affected due to the energy and financial sectors. However, one bright spot for the day came from the Nasdaq Composite (COMP) which finished higher mainly due to biotech stocks, as well as tech stock bargain hunting.

Monday looked positive for a stock market breakout, but was reversed Tuesday with a retreat from highs due to “Risk Off” session.....

continue reading…..

Best of Trading,
Ian Harvey
Director of Stock Options Made Easy



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