After a pretty solid reversal candle on Friday, the Precious metals sector gave us a little surprise to the upside on Monday. We’ll discuss that and a few other things in this report… SPX – 6 days ago I warned about buying the reversal in the General Market, because the ‘timing’ was not quite […]
I’m starting off the weekly report with 2 charts that I used in the comments section of a recent report. Then we will cover the markets and especially Oil & Precious metals. These 2 charts were used last week simply to point out the phenomenon that often happens in the markets. It is the […]
Let’s talk about 3 things here today… 1. QQQ – I thought that QQQ was a bull trap for several reasons, like Cycle timing, The MACD, the Open Gap was pretty obvious, and other internal factors were keeping me cautious, but the Bulls were still buying each reversal.Was this just another Bull Trap? […]
I sure hope that it is break time! Let’s take a look at our markets after the Fed minutes were released… QQQ – I captured this chart at 1:49 p.m.- right before the Fed Minutes were released. Do you see similarities in the blue boxes that I have been pointing out? I don’t like […]
As time moves forward, we are seeing progress in various areas of the market. Today at 2 p.m. Eastern Time, the Fed Minutes are released and that often can affect the markets too, so let’s take a look at where things stand… SPX – No change from yesterdays report & expectation at this point. […]
If you need to know how I feel about Miners, check the reports from the last several weeks, but I will add one more thing to that discussion at the end of this report. 🙂 First let’s do a market review… SPX – After breaking below the 50sma as expected, A gap open Monday […]
I wanted to put out an extra report this morning to discuss Miners a bit more…
This week was a week of solid activity, and I have quite a few charts concerning the Gold & Silver race, so let’s take a look at the action…
IT’S FRIDAY, THE LAST TRADING DAY OF THE WEEK. LETS DISCUSS WHAT IS HAPPENING IN OUR MARKETS CURRENTLY, ESPECIALLY WITH THE PRECIOUS METALS, AND THEN I WILL DISCUSS THEM IN DEPTH IN THE WEEKEND REPORT … SPX– I pointed out this Bearish Rising Wedge a few times recently. We were overdue for a […]
We saw some interesting moves in the markets on Wednesday, so let’s take a look… SPX – We see a reversal, but I do not expect a major run higher. NASDAQ #1– I read head;lines saying ” Even the threats of North Korea cannot hold down this bull market”. However…
