Friday, the final day of trading before the weekend. SPX – So far the SPX has not been able to push above the 50sma yet. A day 11 peak would not be a good sign for the General Markets, but I do think that this should be able to get above day 11, because… […]
The markets have been choppy lately, and early February was really a bit stormy, but after the market storms clear away, opportunities often present themselves in the manner of trade set ups. We have been taking advantage of many of those lately. I guess that we can’t really call yesterdays Gap down a storm […]
Just when you thought that it was safe to get back in the water, Gary Cohn, one of Trump’s top economic advisors, resigns. As the news came out, it spooked the markets and the Futures dropped pretty sharply. They remain down as I write this on Tuesday Night. Usually these news events that sharply affect […]
SPX – Day 15 for the SPX and it is making slow progress to come up and either tag or break back above the 50sma. However, The Tech Sector is ahead of the SPX & DJIA …
Almost all of the Markets have become choppy over the past few weeks, so what happened to all of the Bulls? We have found a few Bulls that seem to be moving forward, and I will discuss those in the report. The others may need to be coaxed out of the fields of consolidation, before […]
What more can we say here on a Friday? What I warned may happen does seem to be happening, and more, so let’s review… SPX WARNING – In the weekend report I had warned using this chart that even though the General markets cleared the 50sma, 10sma , etc- We have seen re-tests of […]
The choppiness continues, let’s take a look at what we have. . This is a pre-market snapshot, it contains quite a bit of red so far… . SPX – The SPX broke below the 50sma & Volume increased, so this needs to be watched carefully. Yesterday I reminded readers of my weekend reports ‘lessons’ section […]
Market chop, Pop & Drop. Let’s review the markets with an occasional reminder thrown in there too… SPX – These markets may eventually “get over it” , but so far they seem to have something against the New Fed Chairman. It could be his discussing 3-4 interest rate hike plan for 2018. Read […]
Since the weekend report, we are seeing what was expected out of the General Markets & Oil, so I am going to get right to a few other areas first, and then I will have a couple of Stock Picks to consider.
With recent market volatility and a potential V-Type Bottom in place in the General Markets, I wanted to review the current markets, but along with that, I will also have a separate ‘lesson’ at the end of the report. It will address why it is a set up to play long out of those lows, […]
