Archive for month: May, 2017
As the Fed Decision approaches, it is expected to be a non-event when it comes to an interest rate hike. It does appear that some sectors are lined up for some changes, however. Let's discuss why.
Read MoreI wasn't really expecting a whole lot of change in the various markets sectors on Monday, Tuesday, and even Wednesday morning, but we do have the FOMC Decision at 2 p.m. Wednesday afternoon, and that may cause some 'changes'. Let's discuss the precious metals markets.
GOLD - We've been waiting for and expecting this drop, so that is nothing new. The stochastics isn't even oversold, so selling can continue Tuesday & Wednesday too.
Read MoreI received a couple of emails recently from the public readers ( one was an old friend, Thanks Bob C. !) , either asking where have I been when it comes to my public posts, or asking me to review what I have been seeing lately. I've been very busy this spring with the premium reports and a private chat area that we have in there, plus other outdoor activities and responsibilities that I care for every spring, but as for a review? I would be happy to do that. 🙂
The General Markets became choppy in March and I was expecting a drop into a daily cycle low. I estimated that the 50sma would be a good target.
For over a month things were choppy and difficult to trade really, until we got a directional break. The drop was not as sharp as I had imagined, so some of the trades that I was taking were working out, but others lacked follow through, got choppy, and stopped me out. I admit that this was choppy and a difficult environment to trade in.
From April 25 - Currently we see a pattern of consolidation and then moves higher ( With pullbacks along the way). We do have a FOMC MTG this week, and there is a chance that that may cause the markets to dip into a low
Read More
Scroll to top
