Stock Market Week in Review

The stock market has stopped its correction. There were two strong signs of strength: First, the market went below the low of May 18 for three days only to return. This shows
demand overcoming supply. Second, the market almost completely reversed the drop that took it below the May 18 low. The next step will be for the market to move higher than the May 29 high.

Market sector analysis confirms the new bullish bias. All of the sectors under the Staple group lost ground led by Food and Beverage losing 3.6% in relative strength since June 1.
Energy lost another 3.1% (that’s bullish for the economy) and the technology and finance groups moved up by 0.4% while the defensive Staples group lost 1.14%.

Put in your name and email for our
free weekly stock newsletter

You'll get:

* Weekly Emailed Stock Market Analysis

* Trading Educational Tips - once or twice a week

email

name 

  • Every trader, no matter how good, has losses.

     

    The only ones that don’t are Ponzi schemes.

  • What kind of results will I get?

     

    You’ll get more wins than losses and average gains bigger than losses.

  • But, you need more than just good trades!

     

    Too much risk leads to disastrous losses.

    Geometrically increase your results with the correct use of risk.

  • How do I get started?

     

    Click subscribe (on the menu) and make a selection.

    Submit and you’re set to go once you receive a return email.