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NYSE No Break Out Yet!

Hairy Resistance

NYSE magic number is 11,500 and we are not there yet! So things can get a little hairy at resistance.

The TRUMP PUMP may be coming to an end, expect a consolidation to allow the market to determine what to do next, or of course the next week FOMC could blow it all up.

NYSE Composite Index

Investing Quote...

"Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women). Mechanical trading methods or mathematical formulas cannot compete with good human market judgment." ~ Richard D Wyckoff

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." ~ Warren Buffett

"Money can't buy you happiness but it does bring you a more pleasant form of misery." ~ Spike Milligan

"Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception." ~ George Soros

"To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!" ~ Martin Zweig

 

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