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July, 2017 Archives

Daily Recap

U.S. stocks rose today on the back of rising oil prices and healthy corporate earnings. Senate republicans' recent failure to replace the Affordable Care Act also seemed to have little effect on stock prices.  The Industrials gained 66 points to close at 21,641 while the S&P 500 rose 0.54% and the Nasdaq climbed 0.64%.

 

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Bull Speed Ahead?

by Jon S. Strebler

 

Last week we pondered the possibility of the stock market stumbling, a correction ahead based on chart action of the S&P 500. Right at the critical point, right on cue, stocks rallied and once again put the idea of a market correction on the back shelf. New highs in the S&P 500. New highs in the Dow Jones Industrials and the Transports. The NASDAQ regaining the lead and within striking distance of its all-time highs. The Advance/Decline line – still on a merciless tear, recording new highs day after day, week after week. And finally, the missing link: New all-time highs on our Primary Trend Indicator (PTI) after months of sideways action.

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Richard's Thoughts On Winners

Richard's Comments

 

Nothing created by the mind of man has ever equaled the stock market in terms of its sheer ability to frustrate people. Why is this? The answer is that the stock market frustrates because millions of traders and investors across the face of the US and the world are all trying to take money out of the market.

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