Stocks ended the week higher, but not without a bout of volatility.
The day to day and week to week moves during the correction / consolidation have been unpredictable and worn on investor’s confidence.
However, the price action has yet to do any real damage to the macro trend.
It’s simply been an exercise in tiring out bulls and bears with failed moves that ultimately have created a trading range.
So, what’s next? And what are we watching?
Check out this week’s video below. We look at the potential for a 2015/16 bearish reversal… as well as the probability of a new bull move higher.
Weekly Stock Market Video – June 2
Click play, then you can use the button in the lower-right corner of the video image to view in full-screen mode. Hit Escape (esc) to exit the full-screen mode.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
