Fridays Check List
Tonights report is going to be a great lesson on how we can view things as the markets ebb and flow , breathing in and out. We're at the end of the week and we saw a little selling in Precious metals Wednesday followed by an immediate reversal Thursday. Does that reversal mean that the selling is over? We will look at a number of things that help to give us confirmation as to whether a short term low is either in, or may not be in place yet. Also buying the dips tips.
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WTIC - First a chart of oil, since many do ask about the energy sector that we were trading over a month ago. We had a reversal Wednesday, but I pointed out that I still see weakness going forward. Patience is needed here.