Is it a Trade War that will continue as time moves forward, or will there be an agreement of terms that both sides can live with? All eyes seem to be on the G20 meeting this weekend for the answer to that question, since it already seems to be having implications on how these markets […]
LET ME SHOW YOU SOMETHING ABOUT GOLD (Below is a sample of Alex’s work from the week. ) . 1. GOLD MONDAY – Above the 50sma, it looked hopeful and Bullish on Monday, even though this was the start of the 3rd daily cycle. 2. GOLD TUESDAY – This was Gold closing under the […]
With a strong knee jerk reaction on Wednesday, we got to see what a little friendly talk about interest rate hikes could do to the markets. Next on the table is the G20 meeting, and center stage is this…
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 […]
