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FCM January 2020 Market Update (Click for full article)
January 2020 Market Update January 14, 2020 The chart above is the S&P 500 Exchange Traded Fund (SPY). Looking at that chart one can see that for most of 2019 the S&P 500 was trading in what is called a rising channel. Recently, as of December 2019, one can see the acceleration of this rising channel as the markets head into Historic all-time highs. That is a very bullish move. Notice that the market is rising on lower volume. The red line on the chart is a 50-day simple moving average...
Freedom Capital Management Market Update December 2019
December 13, 2019 Two stories in the Washington Post this week were: “House Democrats unveiled two narrowly drawn articles of impeachment against President Trump on Tuesday, saying he had abused the power of his office and obstructed Congress in its investigation of his conduct regarding Ukraine,” and “Apparently Wall Street was more concerned about trade with China than the fate of American democracy, not to mention Trump’s fate, one way or the other.” Are you wondering why the markets are...
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