Your Economy (No Politics)

[Bullwinkle]

~:~:~Market Trend Update for the Week Ahead~:~:~


NOTE: There will not be an update this week.

My nephew got married yesterday. It was an all day outdoor event and was a heck of a lot of fun... Today I am leaving for a Las Vegas vacation and will not be back until Thursday the 28th. So unfortunately I have not been able to find the time to do much posting let alone sit down and give my usual in depth market update, but next weekend I will get back to business.

Until then and just as a brief outlook I expect more of the same range bound volatility with the ranges having been stretched a bit by short covering last week... While we have slightly exceeded my previously outlined ranges there is still a considerable amount of resistance above and all of the indices are overbought and in the process of testing these resistance areas now. I doubt we go much higher from here before we see the overall downward trend resume...

Have a great week!!!