The pullback in the general markets remains orderly and rather mild. We are deep in the timing for a swing low dcl.
Read MoreThings are lining up as expected now, but one sector may be a little too hot to the touch for non day traders, while others may be looking forward to a fast trade or two. Let's take a look at these markets...
Read MoreLet's discuss a little bit of what has happened since the weekend report.
NATGAS from the weekend report. This has been a low risk entrywhen it moved above the 10sma, but there is resistance at the 200sma. Notice how NATGAS started out slow and then rallied strongly out of Novembers lows.
There is one thing that I am considering in the NATGAS area however...
Read MoreThis week we saw the Markets continue to fly higher and even Gold and Silver were making new highs. What happened to the Miners? Behind all that beauty, cracks appeared, and that is going to be the focus of the weekend report. I have a LOT to discuss, so lets get right into it.
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SPX - We are very due for a dip into a dcl, but this is strong. Look for a break of the 10sma, please read the chart, I do not think that a dip will mark the top.
Read MoreI want to share just a few thoughts about the Precious Metals markets today. I've actually been doing some extra research all week long, because as I've been saying in each report this week, things are a bit out of sync. Some of the things that we are seeing are different from the normal activity that I usually see. Let's dig it...
Read MoreWe had a 1 day slam down in GDX & GDXJ on Monday, followed by a small, rather insignificant day on Tuesday. Wednesday actually saw a sell off and an intra-day change to a strong reversal. Now the question on many peoples mind is...
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Did we just have a 1 day slam down, reversal , and now we go higher like we saw in 2003? Or will there be further selling?
Read MoreAfter seeing the disconnect in Gold, Silver, and The Miners , I started digging in to see what I could find. It seems that the more that I dig, the more that I am finding. We'll discuss my findings after we review the other market sectors.
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SPX - We are due to drop into a dcl soon. The last one was very mild inside of a consolidation period and now we have a right translated daily cycle here, so I expect that we will see another higher high after our dcl.
Read MoreThe Weekend report covers the general markets and Natgas , etc just fine, so todays report has to focus mostly on the action in Gold , Silver, and Miners. Let's get right to it...
Read MoreWelcome to the weekend report after a semi puzzling week. We saw higher Gold & Silver prices, and lack luster GDX GDXJ performance. Let's get right into the weekend report...
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SPX - I have a target for this move, but on Feb 22 I thought we could get a multi-day pullback to the 10sma before moving higher. This would be similar to what we saw in December.
SPX - We have had a 4 day sideways move to the 10sma, stronger than that dec drop, and another reversal higher Friday. Will we reach 2427 on this run? At this point in our timing, I would expect a dcl before getting that high, and then a continuation higher. The markets have been strong in this area of new highs ( no resistance) so time will tell. As recommended, a trailing stop would have worked very well.
Read MoreIf you want to look good while you're performing tricks on the slopes, you definitely need to stick that landing. Let's see if we had that in Thursdays trading...
GOLD - We were looking for a higher high to give us a peak that could make this a right translated daily cycle. Gold stuck the landing with this break out, and the volume was encouraging.
If Gold continues to stick the landing, it should make it to this target area.
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