We had some nice action after the FOMC Decision Wednesday. A lot of the sectors played our as expected, so lets discuss what to expect going forward too. . SPX – The General Markets broke higher with the Fed ‘No Rate Hike” Decision. I expect a little more upside. UPRO – UPRO, […]
Let’s take a look at the markets current set up, as we wait for the FOMC Decision at 2 PM. Eastern today. . SPX – Basically still sliding sideways along the 50sma as expected, we had no real change in the General Markets. Are they waiting for the FOMC Decision too? I wanted to […]
When a trade is acting correctly, sometimes we just trade out of them after they hit an estimated target, and wait to see if they pull back and offer another entry point. In some set ups, however, if the run looks really bullish, I may just encourage selling a portion on the way up and […]
We had another very active week of trading, and opportunities were wide ranged for traders and the short term Buy & Hold investors alike. Trading has been excellent and profitable for weeks now. Let’s take a look at The Markets and future expectation… . SPX WEEKLY – The run out of the December ICL […]
I want to show you how I follow individual stocks over the course of a month. In this post, I’ll show you how I have been covering NBEV. [The following is a sample of Alex’s work over the past few weeks] (1/10/19) NBEV DECEMBER 21 – Back on Dec 21, NBEB broke down through an […]
After avoiding the stormy waters of the sell off in October through December, we had the hope of a nice rally out of the ICL , and some good trading opportunities presented themselves. I have mentioned the importance of watching how the first daily cycle unfolds, and especially the 2nd daily cycle. Well, we have […]
When a Red Flag shows up on the beach, it means that for some reason, it is unsafe to swim in those waters. Well, after 3 nice weeks of gains in the Oil & Energy sector, I am still seeing a Red Flag in those waters. As mentioned in yesterdays report, Oil itself still looks […]
SPX – Day 17 has us in the middle of a move out of an ICL, and it is overbought. The short term move gets difficult to predict from this point, since it could dip to a 1/2 cycle low and then continue higher, or it may just churn sideways along the 50sma […]
The Big Picture Outlook is based on current information and the formation of current set ups and what they seem to indicate going forward, but they cannot be considered ‘Etched In Stone’. They give us a solid idea of what we may expect in the upcoming weeks or even months, and that helps […]
Let’s take a look at Precious Metals (Below is a sample of Alex’s work from the week) GOLD – I posted this in the comments, just showing how GOLD does not want to sell off, it has formed a triangle so far. GOLD #1 – I have stated in the past that ‘TRIANGLES’ usually mess […]
