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 […]
(below is a sample of Alex’s work from the week. The marijuana stocks were highly volatile in recent months and after the news of legalization in Canada, they saw a sharp sell off [‘sell the news.’] A reversal appears in order. There are dozens of companies to cover in the MJ sector, including the MJ […]
I’ll tell you what’s up…
When you take a look at the weekend reports charts, you will see that we have been buying in areas that went on sale recently. To The Charts!!… SPX WEEKLY – We have our weekly reversal in the General markets. Let’s discuss this further…
