Bo Yoder S&P Analysis

I have been writing about the latent bullish power lurking within the S&P 500, (NYSE:SPY) for some time now.  This has brought me a lot of questioning and even ridicule.  However the wave of selling brought in by the Brexit vote has revealed the true nature of the bullish resolve and now we are headed up to test the all-time highs. Our model has long indicated that there was one last bullish campaign needed before the bears can gain control of the market, and we are hopeful that this test higher will be what we have been patiently waiting for.

spy7-10-16

Danaher Corporation (NYSE: DHR) fought valiantly after forming a double top, but then succumbed to the surge of buying brought on by the Brexit reaction. This triggered stop losses as new highs were reached.

DHR 7-10-16

Coca Cola (NYSE:KO) has been chopping sideways in a channel for some time, but bullish power has been growing, and the odds are high that this stock will break out to the upside to retest the highs

KO 7-10-16

Bo Yoder

RBJ Financial Group

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