US equities had another week of positive performance closing the week ~0.7% higher than last week’s close. However, again, it was not a smooth ride with major gains coming on a ~1% gap up on Friday: We are still sitting near the top boundary of a downtrend channel and could still see further weakness from […]

It was another bullish week in US equities with stocks ending ~1.8% higher than last week’s close: This resulted in prices closing slightly outside the upper boundary of the tentative downtrend channel and above the psychological “round” 5200 resistence level left by the April pullback – but not quite returning to the all-time highs. It […]