by Chris Ciovacco
Current Rally Impressive, But…
Stocks have staged an impressive rally off the recent Brexit low, which may turn into a push to higher highs. However, as noted on Twitter, the S&P 500’s chart currently contains two lower highs, and a recently printed new multi-month low. The chart may very well improve, but it has not yet. You can view the chart in more detail here.
[…] Brexit: Serious Concerns Along With a Basis for Hope
George Soros spoke to the European Parliament Thursday in Brussels, something that has been widely covered in the financial press. His remarks expressed some grave concerns, but also covered the potentially positive and unanticipated aspects of the post-Brexit climate in Europe. In this post, we will water test his comments with present day market charts.