In the weekend reports, I like to visit the BIG PICTURE look of various sectors and see if things remain on track with our expectations. Since my day to day reports cover the daily market action and fluctuation, let’s take a look at the Big Picture, shall we? . SPX – I mentioned in many […]
I have been bullish on Oil and Recently the XLE or OIL & ENERGY stocks. Well, nothing goes up forever, but a pullback can also be a buying opportunity. I saw a fairly strong looking reversal in UCO & USO midday yesterday and wrote in the comments that this could be a temporary topping candle. […]
Last week I pointed out the differences that I was seeing in the General Markets. For example the SPX, NASDAQ, RUT & IBX , XBI ( LABU) were all acting a bit differently. Let’s revisit a few of those charts … . SPX – The SPX looks ready to break out higher, but I had […]
My emails were mostly asking about the Precious Metals and Energy, so that it what I spent my time on.
Let’s take a look at Mondays action, and basically things are still playing out as expected in the past couple of weeks reports. NASDAQ – From the weekend report, I started seeing weakness in the Nasdaqs internals, so I mentioned this in the weekend report with this chart… “I have to wonder if the […]
Last week was the week of the September F.O.M.C. Meeting. Let’s review how the week played out and ended. . SPX – We find the SPX on day 23 and that is within the timing that it could start to seek out a daily cycle low. I am pointing out in this chart that recently […]
When I was a kid and my mother was making Jello or a Chocolate Pudding or Cake, she would tell me that I should not be impatient. I needed to wait until it was finished ‘setting up’. That is where we are in the Precious Metals sector, and also some Energy stocks, so let’s take […]
F.O.M.C. Volatility, you just can’t trust the initial moves out of that 2 p.m. decision , but what is next?
Today we have our FOMC meeting, so lets discuss a few things that we will be looking for…
Storms can cause a pretty big mess, no doubt about that, but sometimes after the storm, we can appreciate the beauty of the recovery. Right now the Precious metals are selling off, and to many, we have a mess. Will there be beauty after the storm? We will discuss that in todays report…
