The 1st round of the French Elections are being held on Sunday April 23, and that may temporarily shake up the markets, but so far, things do seem to be lining up as expected in various sectors. Let’s review … . SPX – On April 19th we saw the SPX continue to be rejected at […]
If you were reading the ‘comments’ or the chat area yesterday, there was a lot of talk about STEEL and the STEEL STOCKS, so Fridays report will discuss that area and some probable trade set ups in that area and other areas. STEEL – We’ll start with STEEL itself. We have a weekly reversal […]
In yesterdays report, I was complaining about the boring ‘put you to sleep’ type of sideways action in the markets lately. Apparently that was the calm before the storm, because later that day we finally saw some pretty big changes take place all in one day. Something interesting occurred in the General markets, Oil had […]
As mentioned in Tuesday mornings report, the Markets have been absolutely fabulous lately ( If you needed to catch up on some rest that is). Boring action in almost every sector is putting traders to sleep. let’s take a look at what happened on Tuesday! SPX – Here we see that the SPX, oh […]
Something interesting taking place in the General Markets SPX – Here we see the ICL in November and 2 dcls that followed. Obviously the markets have been relatively strong, because those dips down into their dcls have been shallow. Over the last 2 weeks I mentioned concerns about the XLF and then the SPX […]
Let’s review what the markets have been doing and what that can mean for this weeks trading. I have repeatedly said that the condition of the financials has concerned me when viewing the markets. Weakness there could bleed over into the general market. XLF – Friday the XLF broke to a new low, […]
As stated before here, there are clearly times to trade and then there are times to just be patient. The best times to trade are after consolidations or bases finish forming , and then the trending moves out of those time periods can continue to carry positions higher. Until that time, trading inside of consolidation […]
Today I want to address how, even though we can see movement within ‘cycle expectations’ get stretched or a bit extended, it is still just a matter of time before Markets seek their lows. I will discuss this in the Precious Metals Section of the report. SPX – Though this reversal can be viewed […]
The markets remain a bit choppy, but some of the set ups that we have been discussing are beginning to play out nicely. I have a few more trade set ups for us too, so let’s review… . USD – Starting with the USD, this may pause here for a bit. A short dip in […]
As time moves forward, the Market big picture always become clearer, so let’s see what has been happening this week, with a few added ‘surprises’. I’ll also add in 3 more trade ideas. SPX – This is a possible inverse H&S forming now. The DCL would be the head, and whether or not you […]
