March 27th – Market Action
SPX – With a peak on day 9, price dropped, and then barely recovered the 10sma Tuesday.
I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.
SPX – With a peak on day 9, price dropped, and then barely recovered the 10sma Tuesday.
Today I want to discuss the Precious Metals in more detail. This weekends report covered it extensively, but I think that a part 2 would be helpful too, so this report is going to be mainly be focusing on the Precious Metals Timing.
Yesterday I discussed 2 things: 1. A Post Fed Reaction into the close Wednesday, that may or may not be just a ‘knee-jerk’ reaction, and 2. The next day where you can get follow through or another reaction. Today I want to take a look at a few sectors and see what we got. This […]
Last year it seemed like we were hearing about 4 Rate Hikes in 2018 and 3 or 4 more possible in 2019. Wednesday Fed Chairman Powell said that the US Economy is doing well, and no rate hikes should be expected in 2019. So now we will take a look at what happened to the […]
Today is the FOMC Meeting , and even when the markets get a feel for what is going to take place, we often see periods of high volatility around the time of that decision, into the close, and possibly even into the next day. Let’s just discuss the current market set ups…
As the clock ticks down on Wednesdays Fed Rate Hike Decision, let’s discuss a few things to keep in mind.
Let’s discuss the bigger picture for the Markets, after a great week of trading…
Financial market movements can be erratic on days when options and futures contracts expire, especially on Triple Witching Friday. Today is that day. Along with that, I want to point out a couple of ‘Cracks’ that may be appearing in various parts of the Markets. When cracks begin to show up, it is good to […]
SPX – The SPX ran up to that resistance line and pulled back. I mentioned that this might become choppy in my last report. We’ll see.
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