Welcome to another Fed Wednesday. Let’s review what took place on Tuesday, and then discuss what may take place after the Fed Decision (which is pretty much already baked in). DJIA – Finally, 2 down days in a row and a close under the 10sma. The DOW has started a drop into a daily […]
DJIA – Monday was a down day. let’s see if we can get 2 days down in a row, since we haven’t seen that for weeks. 🙂
We rode out some choppiness this week, so the weekend report can act as that ‘beacon in the storm’ that guides us along. Let’s review our Markets… . SPX WEEKLY #1 – As expected, the General Markets are accelerating and this weekly chart shows the last 4 weeks as strong green weeks. A trailing […]
SPX – The General Markets continue higher, and the pull backs have hardly been below the 10sma. This is a doji candle and usually leads to a reversal top, we are due for a deeper drop, but as I have been saying for weeks and months now – just use a trailing stop and […]
. Let’s get right to yesterdays action…
SPX – I believe this is day 44 of this daily cycle. It looked like a bull flag going into the weekend, and it did break upward, but it is late in that daily cycle. I would expect a small pull back soon. These are very bullish markets.
We have a Big weekend report, dealing with the BIG PICTURE, so let’s get right into it… SPX – This is usually a topping candle, a ‘spinning top’ on the weekly. The markets have been very strong, so a pull back would be normal. We’ll see how this plays out next week in our […]
I want to do a quick market review, and then I have some very interesting charts of Gold & The Miners pertaining to the situation that we find ourselves in currently. I want to use this Friday report to further prepare us for what is coming in the Precious Metals Sector… SPX – Day […]
The VIX was Popping, the markets were dropping, and … DJIA – We just can’t even get a 2 day pull back in this runaway move 🙂 A trailing stop still has you in this long position ( TQQQ, UPRO, UDOW, ETC). If we do get a sustained pull back, it will likely be […]
