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 […]
In The last quarter of 2018, various areas of the markets began drying up and going stale. We saw the equity markets & Oil crashing down and many good set ups that would form would quickly fall apart. Trades in Miners and some of the Medical Marijuana companies were playing out ok, but there was […]
We have all seen changes take place in various places during our lifetime. The Theme picture highlights how things have changed from your parents day to today, or maybe even your youth to today. Changes can be gradual or sudden, and in the markets we have seen both gradual changes in character to sudden sharp […]
After a quick market review, Todays report will include a long section reminding us about a recent discussion that we had. . DJIA – The DOW dropped over 600 points on Thursday, but the chart does not show ‘damage ‘ at this point, though it did drop under the 10sma. It is a trend […]
QQQ – Markets gapped down Wednesday, but reversed higher as the day went on. We have expected an ICL, and these lows should hold for a while, but it also may be choppy.
I imagine that with this opening theme picture, you may think that I am going to start by discussing the burning Hemp Legalization topic or something? Well, actually, this report is going to focus on just one thing, and that is The Precious Metals Sector.
