As mentioned in yesterdays report, I find that as each day goes by I have taken profits and lightened the load a little bit since buying the reversal low in Miners. I am doing this until the volatility, and thus the short term uncertainty, passes. Let’s review the markets again… SPX REVIEW AGAIN – […]
SPX – REMINDER: 2 weeks ago I showed how the Markets can base build after such a sharp drop & added volatility. I mentioned that they may drop to the 200sma in an A-B-C type drop and then even go sideways. SPX actually did drop to that 200sma after I posted this , so this […]
Today is the release of the Fed minutes. At times we get the same reaction that we saw when the Fed Decision was released, and other times we get the opposite, so that is todays question…what will todays Fed Minutes bring? It shouldn’t be as bad as THAT guy thinks, but it is worth paying […]
I have done a little more digging, looking for the best way to answer your questions. I think that you’ll be happy with much of what I have found…
Earlier this week I wrote a report entitled ‘Sprouts’, indicating that things were settling down and buying opportunities were sprouting up. Here we are at Friday, the last day of the week, and things are really shaping up now. Let’s take a look…
Wednesdays CPI report showed that inflation came in a little hotter than expected. Hot enough to light a fuse in some cases. Let’s review our markets…
After Monday and Tuesdays trading, we are currently seeing ‘sprouts’ of growth but we’re still also waiting for some stronger follow through, so let’s discuss this stage of our growth…
My weekend report was extremely detailed as to what I feel we are seeing. I am going to try to keep todays report a bit more simple, since we have only had 1 trading day since that weekend report. The Theme Picture? What are we looking for, and for some more conservative traders, what are […]
In the recent bull run higher for the General Markets, I advised almost daily using a trailing stop to lock in gains just in case we saw a deeper drop. A deeper drop to an ICL could cost you weeks of gains, a stop would lock in your gains. The goose that laid the golden […]
SPX – The SPX dropped 100 points. My report pertaining to ‘thin ice’ has played out, the volatility remains . In the past, we have seen ICLs drop down close to the 200sma, and occasionally break right through it. QQQ – In yesterdays report I used this chart to warn those ‘loading […]
