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. […]
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 […]
