SPX DAILY – Yesterday I mentioned the day 52 lows, the ‘last engulfing candle’ and probability of a low forming here. We did get follow through higher on Wednesday. SPX DAILY – We did get a pop higher. It sold off into the close, but I still feel that this is a valid break […]
Once again, not a lot has changed from the expectations that we have had for a while now, but I do believe that we are now very close to some changes. Let’s discuss that…
I have been digging in this weekend, and looking for more clues within our market sectors. Let’s just get right to it, I’ve stumbled across some rather ‘interesting’ finds to share with you. We will focus much of this report on the GOLD & MINERS , after reviewing the Big Picture on the General Markets […]
So we were expecting that the Miners could possibly drop to do a ‘back test’ of the 50 sma. In fact, I mentioned that in almost every report for weeks. I must admit though, I did not expect it to happen all in one day, but that is pretty much what happened Thursday. Let’s take […]
Honestly, not much changed from yesterdays report, except for the depth of the General Market selling. Let’s review and try to discuss at least a couple of new things.
The selling continued in the stock market, but there is a recent development that I mentioned we should look for. . DJIA – Yesterday I used this chart and mentioned that we could look for a possible double bottom low, or ‘W’-Bottom with divergence. You see it at other Lows formed this year. […]
I am opening up today’s report to the public. Enjoy. . Nothing has really changed since the weekend report. The markets have been choppy and difficult to record any gains over the past few days, but I do love the way the Precious Metals sector acted yesterday, so let’s take another look at what we […]
Nothing has really changed since the weekend report. The markets have been choppy and difficult to record any gains over the past few days, but I do love the way the Precious Metals sector acted yesterday, so let’s take another look at what we have. . SPX – You can see that these types of […]
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. […]
