June 15th – CHANGE
I want to briefly discuss something that I mentioned I was looking for to signal a change in the Gold Market. I believe we have that change as of Thursdays ECB Mtg.
I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.
I want to briefly discuss something that I mentioned I was looking for to signal a change in the Gold Market. I believe we have that change as of Thursdays ECB Mtg.
At times the FOMC Meeting and the ECB Meetings can be game changers, but so far we survived the F.O.M.C. Rate hike. Now Thursday at 8 a.m. Eastern time, we face the ECB Mtg.
What Can I Say, that hasn’t already been said? I was thinking about this FOMC WEDNESDAY Report, and basically we have covered it all, so What Else Can I Say? We have been through this FED DAY CHOPPINESS many times too, and so I got to thinking, “The weekend report was written with this FOMC […]
The weekend report covered the big picture for the various Market Sectors. Mondays trading did not change that outlook, so todays report will just cover GOLD, MINERS, and several stock picks…
This weekend report will show that we did not see a lot of change from the expectations of last weekends Big Picture Report. We will discuss Gold a lot more than the other sectors though, since it is boring us to death at a very important time period. Our Theme Picture could be entitled, “Wake […]
Let’s discuss a little bit of Everything on this Friday before trading…
SPX – At the end of May we completed out Break out and Back test, so this was expected to make a run for the January highs. SPX – And we have been running higher, so with this kind of set up, you can just buy & hold. Let me show you a couple of […]
SPX – Again, Nothing has technically changed in this set up for the SPX
Since the weekend report, there really isn’t a lot of change here, so let’s do a quick review…
SPX WEEKLY – We now have our break out & back test complete. Fridays push higher in the markets gave us this reversal off of the 10 weekly MA, and technically that is a buy.
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