Todays report is simply to discuss stocks that look ready to run. Tuesday, while looking at the S&P 500, we saw a reversal. We also saw a reversal in many of the stocks that I had been eyeing, so let's take a look at the the markets and some of those stocks.
This was from yesterdays report. It was bullish overall, because we were locking in a right translated daily cycle, but I was also expecting a dip into the daily cycle low. In the weekend report, I pointed out the 50sma as a possible target for that drop.
SPX - On Wednesday we saw follow through on the reversal. I do not know for sure if that was the dcl, but these markets look set to go higher.
Read MoreThere are areas of the markets that are looking quite inviting, so lets review the first day of trading in 2017 and see what we can find.
SPX - From the weekend report, I expected a bit more of a drop.
SPX - Good volume on the reversal, this could continue higher.
Read MoreIn my opinion, the year 2016 ushered in a traders paradise. Let's take a look at where 2016 left off , and where 2017 begins.
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SPX - As expected, the S&P 500 is selling down at this time, possible target shown.
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