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 […]
Today is Friday, the last trading day of the week. It is also “Options Expiration,’ and that can affect pricing and volumes a bit, but so far things continue to play out pretty much as expected, so lets just get into our Friday report… .
SPX – We still have a wedge that has formed. These usually break down, so with the SPX at the 50sma and a wedge, I would think that we may pull back for a few days. That could be a 1/2 cycle low and it is not uncommon…
SPX 1 of 3 – After the pause that we expected under the 50sma, the equity markets actually look ready to break higher already, so I want to show you these 2 charts …
Monday s market action did not change the expectations mentioned in the weekend Big Picture Review, but the trading has been very good and most of the recent buy opportunities continue to play out. Lets do a Tuesday review… . QQQ – We expected this pause and…
This is the weekend report, where we can monitor the progress that the various sectors of the market have made, and what we may expect going forward. Since I give a more detailed day to day update in the daily reports, I often focus mainly on the Big Picture in the weekend reports by using […]
Gold has been on a run during this market correction. There is more to the story and I’d like to show you. Before we get started, lets look back at $GDX and $GDXJ how they closed out 2018… THE MONTH OF DECEMBER HAS NOW CLOSED, AND THERE IS NOTHING BEARISH ABOUT THIS MONTHLY CHART. […]
Today is Friday, the last day of trading for the week. It really has been a great couple of weeks of trading , so let’s discuss a few things… . This was in yesterdays report… . QQQ – I am also starting to see what look like rising wedges in The Nasdaq. This can […]
As was mentioned in yesterdays report, a variety of the markets sectors have been climbing higher and trading has been excellent. Let’s examine our current markets… , This was in yesterdays report– SPX #1 – If this is an ICL, we should have a month or two off of the lows, but we are seeing price […]
As the various sectors bounce out of their recent lows, they continue to do pretty good on the Climbing Wall. Some may be climbing the so called ‘Wall of worry’. Let’s take a look at the progress… . SPX #1 – If this is an ICL, we should have a month or two off of […]
