The best week since december 2016. Some of that bullish action is continuing. All time highs. Very small gains. A lack of conviction. Investors taking a breather ahead of earnings season. They had a technical analysis, this is 8605. She presented a version of this chart, and she believes we will see consolidation. This is the s p 500 over the last year. Area sheve a cloud likes to use. We will see the s p 500 pull back down to that. That is less likely and she believes the gains for 2018 will be smaller than 2017. Time will tell but that is an interesting view. Lets take a look at a five day chart. Earlier we were looking at the first declines in five days. In the way. Up 2. 7 . Last week was the best since the end of 2016. The gain may be small but it is a broadbased gain, small rally. We see most of the sectors are higher. Such as utilities in real estate , information technology. Health care is significantly lower. The big drag is the biotech sector. Lets look at the names that are
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