The Move Up Continues August 6, 2016
Posted by Tom in Thoughts.trackback
Aug. 5, 2016 – This will be very short because I can’t log into my home computer, but no worries since I’ll be back on Monday. I’ll post more market information then. In the mean time we see that the markets worldwide like a strong US economy and very low interest rates.
With US job growth strong it’s just a mater of time until the FED has to increase interest rates. With that (likely) even more international money will flow into the US markets, both equity & bond.
I remain cautious about this market though. With the exception of the jobs report gap up, the daily range has been narrow and volume just “OK”. This market can continue in this mode for a long time, but I feel a bad news item will cause a significant down draft. Traders and investors are nervous, especially at previous market highs like we are at now.
That’s it for now, I’ll add more info on Monday. …….. Tom ……..
Below you’ll find the “pie charts” for the Price Strength and Accumulation / Distribution of stocks in the S&P 1500 Index:
Next the sectors of stocks that appear to be strongest:
As usual, click on the graphic to enlarge it for easy viewing. Sorry this are a day late; but back to normal operations now.
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