The Gilmo Report

February 24, 2019

February 23, 2019

Friday gave us six dovish Fed heads speaking, six “Memoranda of Understanding” resulting (from U.S.-China Trade talks), and the Trump Administration announcing (just about everything regarding the current U.S.-China trade talks except an actual trade agreement). All that was missing was a partridge in a pear tree, but it gave the market the fuel it needed to keep rallying.

The NASDAQ Composite Index regained its 200-dma on Friday after closing below the line on Thursday. Volume was higher, and overall the action was bullish. The underlying stock action was also very constructive, with some big movers among the stocks I’ve been following since early January.

 

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