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 […]
Let’s take a look at the Markets, and I will discuss the Theme Picture later in the report. Consider the last part of this report as important, and please read it carefully. . DJIA – We have a gap fill. Now let’s see if these markets can get moving to the upside. I have […]
It certainly looks as though Oil has entered the capitulation phase of a sell off into an ICL, and a low is very near. I want to discuss that as a future buy opportunity in this report, but first we’ll do a market review. Just to reiterate: In just about every sector, Trading remains very choppy. […]
The Stock Market involves real money, so it’s by no means considered just a ‘game’, but similar to many games, we have a few choices when we take a position(s). If, over time, we find that things are getting a little rough ( the markets may get choppy for example, or players may get banged […]
It was a bit of an exhausting week with the constant volatility and choppiness in various sectors of the markets. let’s review this weeks market activity…. . IWM DAILY – I drew this on Nov 8 saying that short term, I would expect the markets to pull back due to this light volume rising bear wedge, […]
It is the Last day of the week and the Elections have passed, the somewhat non-event of the FOMC Meeting has passed, so now let’s just take a look at what we have going on… . SPX – We had a slight pause on day 8, so I have just drawn in a possible […]
As mentioned yesterday, Markets do not like uncertainty, but with elections out of the way, we could get a Post Election Pop. As you can see, we got that Pop. Today is an FOMC Meeting, and there were a few other areas of interest that continued to set up for higher price too. Let’s take […]
It has been difficult trading or investing for the Buy & Hold group. October was a drop into our ICL , and it was a deep one. Since then, we have seen a lot of choppiness heading into the U.S. Elections. Markets do hate uncertainty. Now that that will be behind us, we still […]
