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Stocks Look Sluggish; Pulte Homes Breaks Out To New Highs

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  • Barring a complete loss of reason from the Fed, the current mixed economic scenario translates into one in which the central bank is not likely to raise interest rates any time soon, a fact that is likely to keep a floor under stocks.
  • The bottom line at this point, no matter the environment, is that focusing on individual portfolio positions remains the dominant aspect of trading success.
  • Even though we had some interim weakness last week, the NYAD continued its recent ramp up with another new high to close out the week, which means the trend for stocks remains up.

Businessman analysis stock chart in crisis covid-19 for investment in stockmarket and finance business planning selective stock for Stockmarket crash and Financial crisis
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By Joe Duarte

The key to the uptrend remains how serious the algos take the Fed, which means that if the central bank doesn't talk about raising rates much, the algos with their ultra-nanosecond memory

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