Finally, Silver is starting to play CATCH UP with GOLD. I’ve been discussing this for a while and now we are seeing Silver show us some strength. I’ll discuss this a bit more in todays report after reviewing the various market sectors… . SLV / GLD RATIO – Silver looks ready to try to catch […]
I loved what the Close on Friday did to our charts, so let’s get right into the weekend wrap up…
When the markets can’t gain any upside traction and they rise and fall repeatedly, that is choppy trading. It can play on ones emotions if they pay too much attention to it day by day, so we’ll discuss the current choppiness and review our expectations…
I’m thinking that you can probably guess by now what round 2 is, but I’ll discuss what Round Two means as we get into our market review. I also have a special little ‘lesson’ in this report that I know you will enjoy, when we apply it to the Miners…
On Wednesday, Powell will face the House Financial Services Committee for the first round of questioning from lawmakers. The Fed will also release minutes from its June 19 meeting on Wednesday, and at this point, the Fed funds futures contracts are currently pricing in a 100% chance of at least 25 basis points of cuts. […]
SPX – As time moves forward the SPX still remains healthy looking. It has stalled again, but if it moves higher we will likely see a R.T. Daily cycle, and that would keep things on the bullish side. My weekend report discussed ‘break out to new highs’ and various ways they play out. For now, […]
The U.S. markets were closed from Wednesday afternoon to Friday morning. We now have 1 day left in this week to trade, and I wouldn’t be surprised if many are just taking a 4 day weekend, so we may see light trading. Let’s do a quick review of where our markets stand currently…
. 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 […]
