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.
I would venture to say that by now, after the past several weeks of choppiness and selling off, most if not all here know my thoughts on how things could play out going forward. It does seem that things are lining up now. let’s let the charts speak for themselves. Let’s get right into […]
DJIA – We had our 1000+ Point bounce I had been discussing the Fib Retracement , sentiment, timing for an ICL, Put Call ratios, etc, so we knew that we were due DJIA – I mentioned that it could be choppy or V-Bottom, but the lows should hold, so you can buy […]
The DJIA was up over 1000 points yesterday! Now that’s a bounce, in fact, I believe that it was the largest up day in the DJIA….Ever. I want to review what I mentioned in my last report. I had about 6 charts of the General Markets, so if you need to go back and review […]
Monday was only a 1/2 day of trading, and in my weekend I mentioned that I found something interesting pertaining to the Miners that I thought was important to share at this time, so I want to devote most of this report to that discussion.
