Archive for month: May, 2017

This mornings futures show the markets down a bit, but they have been holding up well lately, especially the Tech area. Let's do a little pre-market review...

 SPX chart from Yesterdays report.  We are still due for a dcl, but the pullbacks have been shallow.

I like to use the NYA too, and this is a bullish set up / consolidation so far.  If it continues to hold the 50sma, it remains bullish looking .

We also have been keeping an eye this...

Another week has passed by and many of the recent trade set ups like MACK, NAK, VSTM, NATGAS, etc  mentioned are enjoying their following through.  We also remain on the watch for that next big set up in Precious Metals.  let's take a look...

SPX WEEKLY - Timing wise, the markets are due for a dip down, That doesn't end the bull, you can see these are normal dips to ICLs along the way.  The MACD gives this more of a double top look too.

The NASDAQ ( QQQ here)  has been very strong and earnings season hasn't stumbled it either.

Look at this view and you'll see that it looks very similar to the Parabolic blow off top in 2000.  This ending is not out of the question.  Let' s just take a closer look at that time period.

NASDAQ -  The NASDAQ continues to climb that wall of worry. If you were long, a trailing stop may work out well, this is now another right translated daily cycle in a Bull Market.  As shown in recent reports, Some stocks are doing well with earnings, and others are getting crushed. Add NVDA & TSEM  to the 'doing well' group. Yelp & SNAP to the getting slapped group.

This is a reminder -  This was my My February thought showing a possible parabolic blow off top . The pattern is similar with a sharp sell off and then a ramp higher.

Todays report will be short and sweet, there is no need to cover 'everything' after the weekend report, but it does still include over 20 charts to cover a number of ideas, some new and others that we have discussed in prior reports.

Lets get right to the report...