MCM Newsletter – Outlook for Week 2nd week of August
The market did pretty much nothing last week, moving in a very tight range and all inside the limits of the previous Thursday’s range, which we were mentioning last week…
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The market did pretty much nothing last week, moving in a very tight range and all inside the limits of the previous Thursday’s range, which we were mentioning last week…
Last week saw volatility come back with a vengeance. A new ATH was reached on Tuesday with a spike-like move, but that was immediately sold off hard. SPX lost more…
Last week was very spectacular and continued with even higher volatility than 2 weeks ago. After gaping up and moving higher into Wednesday, Thursday was again a bad omen for…
Last week seemed uneventful compared to the previous 2 weeks. Monday made a new low, albeit minor, then bulls got back in the game by protecting that low with a…
Last week was the most bullish one in quite a while. Tuesday put in a low in the o/n on the North Korea missile test news, but from there the…
The sideways action from two weeks ago was resolved last week in the same way we got used to in the last few years – up. Last week was certainly…
The action seemed to slow last week, the market making a minor new high slowly into Wednesday, then pulling back slightly. From an EWT perspective, the bulls are still favorites…
New week, new ATH seems to be the current turn of events. After a brief pull-back on Monday, the bulls quickly got back in the game and pushed the market…
Finally the market stopped the relentless up move and had a rather panicky turn. A drop of more than 100 SPX points in one week is definitely something that draws…
Last week was a bit dull compared to the one 2 weeks ago, but the market was still able to make a new ATH on Tuesday the 13th. After that,…
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