In this week’s stock market outlook for trading week of July 17, 2017, technology stocks and small caps did better this last week than what we’ve seen from previous weeks. I have to wonder though how much more Bulls can continue to dominate with the government only a few months away from running out of money unless the debt ceiling is raised.
The most surprising aspects of this stock market outlook is how how the NYSE percent of stocks trading above the 50 day moving average has exploded higher.
Bulls won the market action of last week and have strengthened their dominance over the Bears.
In this week’s show I go over the major indices as well as various other charts.