Author Archive for: Alex - Chart Freak

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Yesterday, the theme of my report was  "No major Surprises yet", but it looks like  I may have spoken too soon.  This was GOLD at the close Tuesday.  After selling off sharply $24 & breaking below the 10sma on Monday, it put in another sharp reversal and closed back above it.  We'll discuss this after  taking a look at a few other charts...

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If you re-read the weekend report,  not a whole lot has changed on Monday.  The markets actions, especially in the precious metals, does not leave me with anything new to say, except for maybe some stock picks.  We have a runaway move that is due for a pull back that will not happen.  🙂  Let's take a look at our markets...

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If you like the color GREEN, today was a good day for you to look at the markets, because just about everything was moving higher, except for inverse ETFs  and the USD.   Let's take a look at our markets...

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