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.
It has been reported that past week was the worst December in 10 years for the General Markets. I am hearing that depending on how it ends this week, it could even become the worst drop for the Dow in decades. . This week I was thinking about the average person and their 401Ks. Why? […]
Well, it started to get choppy and difficult in various sectors a few weeks ago, and then we went into full sell down mode in October for the General Markets. Miners were sideways and choppy, forming bases but difficult to hold at times, and suddenly many of those bases have been breaking out higher. It […]
I think that we knew that the Fed would raise rates, and I think that we had a good idea that there would be a’Reaction’. So let’s take a look at Wednesdays market action … SPX – This was my chart going into the FED WEDNESDAY. Day 34 Tuesday.
Today is the FOMC Decision, and even though the rate hike is supposed to be figured in, These markets are stretching out and could see a sharp reaction when the time comes. Let’s take a look at Tuesdays market action… . SPX – This small candle with a new low on day 34 […]
The Dow was down another 500+ Points, and we see the general markets are at new lows again. This is not a surprise to us, I covered my thinking in the weekend report, so lets do a review and how things are playing out. We also have the FOMC meeting this Wednesday, so we will […]
