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The economy
While
housing reports, which included the housing market index and starts, cooled off
a bit in January, they still continue to stay at levels consistent with a
healthy economy. Other reports released this week included the producer price
index and the consumer price index, which both pointed to higher-than-expected
prices.
It is very refreshing to start this section with the comment
that the technical picture has actually improved a bit this week.
While the market has a long way to go to be “out of the woods” this past week
was not only the best week so far in 2016, but the 3-day rally (2/12 through
2/17) was the strongest since mid-December 2014. Given that move, it should not
be too surprising that there was some profit taking on Thursday (2/18) and
Friday (2/19).
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positions closely, exercise proper money
management strategies and follow us at $tockMarketDirection for ALERTS we
may issue advising a change in the current market direction. Stay tuned
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By the numbers the weekly closing index numbers compared
to the initial sign-up and subscribe recommendation closing
numbers:
Stock Market Closing Numbers
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compared to Recommendation Numbers
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Variance
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