DJIA – I can’t say with certainty whether this is a long term double top or not, but it has played out as a short term double top. We were expecting this drop into an ICL for weeks . Look at the strong bearish divergence on the MACD & RSI on a weekly basis. […]
I love Rocky Road Ice cream, but Rocky Road Trading? Not so much. My last few reports have mentioned that even though we do have a ‘low risk entry’ for Buying at a swing low in the General Markets and some other areas, stops are a must. It is not a confirmed swing low, and […]
(The images below are a sample of Alex work and are to provide a little education on understanding tops in a market or asset) Like most things in technical analysis, spotting a top is as much art as it is science. When you see a top, it doesn’t mean it is time to run for […]
The release of the FOMC Minutes really didn’t seem to have any meaningful or lasting reaction in the markets. It may have added a little knee jerk reaction or volatility, but overall there was no big directional change. Let’s take a look at our markets, and again, there really are no major changes from yesterdays […]
Note: FED MINUTES are released at 2 p.m. Wednesday. . The General Markets stopped sliding, yet 1 day before medical & recreational marijuana is to be legalized in Canada – Pot stocks decide to slide. Is it going to be the typical “Buy the rumor, Sell the news? ” in that sector? Is the rally […]
The weekend report covered the Big Picture, so today will cover some of Mondays action and what we can expect from there… .
We are all well aware of what happened in the markets this week, and really it is what we have been waiting for and discussing in the Big Picture Views for a while. That said, we now have a lot to look at in this Big Picture Review. Read each chart carefully…. To the charts! […]
. Thar she blows is right! . GOLD – We have been expecting this kind of ‘recognition day ‘ for a while, so Let’s discuss this BURST higher in Gold and Miners… GOLD climbed $28 on Thursday, and it was pretty much steady and straight up.
(Below is a snippet of Alex’s work from the last week and the major US Indexes) We all saw the major decline in the US Indexes and equities on October 10th. Were you prepared or caught off guard? From Thursday October 4th: NASDAQ – Each morning I wake up and Futures are a lot higher, […]
I have been mentioning that the markets were due for a drop into an ICL, and I used this chart to show the potential downside – . NASDAQ AUGUST – I thought that we might run to the top and then drop into an ICL just like the drops we saw in the beginning […]
