Thanks Ray, for reminding me by email that this is the so called Golden Week in China. What is the Golden Week? See the calendar below, and you'll see that China is basically on holiday from Oct 1 - Oct 7th...
Read MoreThe picture is getting clearer in the precious metals sector, and we have been on the right track. My Midday Friday report pointed out a few things to take note of, and this weekend report will contain a few more noteworthy points of interest. Let's get into our weekend Big Picture Review.
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QQQ- The NASDAQ is still trying to move higher off of the 50sma...
Read More I was actually on the beach today and a storm started to roll in. We got a beautiful Post Fed Rainbow, but I'm still looking for that Pot Of Gold. Let's do a Post FOMC Market review...
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SPY INTRADAY FED REACTION - We have discussed that the Knee Jerk immediate reaction after the Fed is often a false move. Notice the reaction in the SPY at 2 p.m., as it ran higher, and then the directional change that followed.
SPX DAILY - The MACD confirms that the recent high was weaker, and we are due for a DCL. Watch the 50sma for a break down or support.
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Well, we find ourselves on a Fed Wednesday today, and...
Read More We have only had 1 trading day since the weekend report and with the FOMC MTG on Wednesday, not much has changed, but one sector did seem to catch fire on Monday . We will talk about that...
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DJIA WEEKLY - The DJIA finally broke out to its all time highs.
Read More After a quick review of the Markets, we'll discuss some new stock picks in various sectors and also our risky high fliers that have really been giving us a lift. As the Theme Title says, 'Enjoy the Ride , but Remember the Risks'.
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SPX #1 - Likely the upside target before a drop into that dcl. Train Kept on rolling...
Read MoreYesterdays report actually had 46 charts in it, and the ones prior to it had many stock picks as well as the market review too. This is an important report, so I want to keep it a bit shorter than the past reports, to keep it simple. It has 23 charts ( Edit: Plus 2, I just added 2 more) 🙂
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DJIA - We see follow through in the break higher by the DJIA. This is bullish, but..
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