It is the final trading day of the week, so let’s review the market action… SPX – The SPX backtested the break out trend line and bounced after filling a gap. Please read the chart. Some may think that this is the dcl, and the “buy the dip’” team has rescued it again. That […]
Wednesday brought along some changes, so let’s take a look at what we have… . LONGER TERM VS SHORT TERM SPX #1 – We are due for a DCL & and ICL in the bigger picture, so I had posted these charts on May 4th showing possible ICL targets … And MAY 13th for the […]
This mornings futures show the markets down a bit, but they have been holding up well lately, especially the Tech area. Let’s do a little pre-market review… . SPX chart from Yesterdays report. We are still due for a dcl, but the pullbacks have been shallow. I like to use the NYA too, and this […]
SPX – They just dont sell it off for long anymore, do they? New highs.
Another week has passed by and many of the recent trade set ups like MACK, NAK, VSTM, NATGAS, etc mentioned are enjoying their following through. We also remain on the watch for that next big set up in Precious Metals. let’s take a look… SPX WEEKLY – Timing wise, the markets are due for […]
That sunset sure is a beauty, and this chart below is also a beauty to many of us that went long…
NASDAQ – The NASDAQ continues to climb that wall of worry. If you were long, a trailing stop may work out well, this is now another right translated daily cycle in a Bull Market. As shown in recent reports, Some stocks are doing well with earnings, and others are getting crushed. Add NVDA & […]
We do see some changes occurring in the markets, so let’s discuss them. They may be just temporary or they could last for a little while, so we will discuss that too. SPX – This was an engulfing candle, but they bought it back toward the end of the day. Could this be […]
Todays report will be short and sweet, there is no need to cover ‘everything’ after the weekend report, but it does still include over 20 charts to cover a number of ideas, some new and others that we have discussed in prior reports.
Keeping in mind that we have the French Elections on Sunday and the results can cause a short term reaction, let’s review the market action from last week and our current expectations. SPX WEEKLY – The SPX finally broke to new highs last week ( We know that the Nasdaq has been running like […]
