The Midterm Aftermath

The Midterm Aftermath

Great stuff here from Bloomberg’s Dave Wilson:  U S. stocks may have only started rebounding from a slump last month, if the history of midterm election years is any guide. Since 1950, the S&P 500 Index has risen by an average of 10.7 percent from its...
SPY Chart

SPY Chart

This week’s rally left layers of support behind.  As the week comes to and end it appears a healthy pullback is underway.  Initial support is in place between $276.00 and $275.20.  The upper band is marked by the 200 day moving average, lower band by last...