Most of my reports have included the words ‘Choppy’, ‘Volatile’, and ‘difficult’, because of the whip saw type directionless action that we have been seeing. Well, The Fed Chairman gave a little speech Wednesday, and the ride continues on. Let’s discuss the current Market set ups…
Not a lot has changed from the weekend report, so let’s take a look at Mondays action… . SPX – After breaking above the 10 sma, SPX was turned down at the 50 sma and revisited the lows. The SPX is oversold and the MACD does have divergence so we are at least getting a […]
Let’s take a look at our Big Picture layout with the Markets… . SPX– The markets dropped toward their ICL, and I mentioned that similar to what we saw in Feb & March, this could now become a choppy market, instead of the ‘Buy he dips’ that everyone got used to. The ICL could still […]
In the U.S. , the stock market is only open for a 1/2 day, so I wanted to discuss the Precious Metals… .
One would expect a light volume holiday trading week, but so far many of the charts that I looked at have normal or average volume. Maybe it will lighten up each day, but let’s take a look at what trading took place after the weekend report. . SPX – The markets have been choppy […]
As time moves forward, we begin to see the moves that we anticipated in various sectors, as they begin rising out of the recent lows. Let’s get updated on our Big Picture expectations… . SPX WEEKLY #1 – We see that price has moved to resistance, please read the chart.
(Below is a sample of Alex’s works from the past week.) These past few weeks have been extremely frustrating for a lot of traders out there. So many are getting chopped up and setups that look promising one day, fail the next. There is something that many traders don’t want to hear, especially ones just […]
Just a reminder : Today is the last trading day of the week, and next week will be a holiday shortened trading week in the U.S., so let’s see where the markets stand and enjoy our Friday of trading! , Note: we’ll see how ‘earnings’ affect the markets going forward, but NVDA released earnings after […]
