Monday, February 26, 2018

A nice lift for many stocks today as we head into a seasonally strong period for the market in March. Still, tomorrow could see more volatility with markets watching new Fed Chairman Powellís testimony before Congress in the morning.

Letís start with an update on last nightís S&P 500 chart.

TBA = Technical Buy Area

My short-term Oscillator closed today at plus 41 which is slightly overbought though this tool often reaches to plus 55 on a strong rally.

Now on to some leading stocks.

Finally letís review some Chinese stocks which had some difficulties moving up today.

I look forward to seeing you in the chatroom tomorrow and Wednesday, and back here Wednesday night.

The 2018 seminar date is closing in so make sure you book your hotel and flight soon. Prices will be higher if you wait until the last minute.

Daniel J. Zanger