If you want to look good while you’re performing tricks on the slopes, you definitely need to stick that landing. Let’s see if we had that in Thursdays trading… GOLD – We were looking for a higher high to give us a peak that could make this a right translated daily cycle. Gold stuck […]
The Fed Minutes were released on Wednesday at 2 P.M.. Was there any change? SPX – No change here. We could use a pause if we are going to reach a target of 2400+.
We’ve only seen one day of trading after a 3 day weekend in the U.S., so this report will just be a brief review of the markets and a few of the trade ideas discussed recently. . SPX – Nothing has changed here, we are seeing a strong move into new highs with no real […]
I wanted to put out a bonus report on Tuesday morning. Realistically we probably have enough on our plate, so if you are happy with your current positions, please just view this as a possible heads up for possible future trade set ups or a watch list going forward. In the past few months we […]
For the weekend report, I often feel the need to review the Bigger Picture to gain perspective. I am going to do that this weekend too. To open this report, I’m going to start with a scare tactic. Yes, that’s odd, but I see it all the time in the markets, and I believe that […]
There are times when I feel like I can’t even find a solid trade set up, and then there are other times when I feel like there are plenty to choose from. Right now, I feel like I’m seeing a lot of trade set ups. This Friday edition is going to feature some trade set […]
Sometimes building bridges by means of consolidation pave the way to higher ground. I will discuss that later in the report, after a quick market review. . SPX – Again, this is like a melt up phase, and if I were long I would use trailing stops and let it ride. That long bridge of […]
Tuesday had Janet Yellen speaking before congress, and the USD and Gold both actually acted as expected. That’s a relief. Let’s review the markets and then of course we have to discuss the day that Nak got Whacked. What can we expect next after that big reversal? . SPX – The markets are on their […]
I believe that Fed Chairman Janet Yellen is meeting with congress on Tuesday to discuss monetary policy. This could affect the USD and Precious metals if she mentions inflation and interest rate hike expectations, so let’s take a look at what the charts are telling us. . The SPX continued higher, and this makes this […]
ALONG WITH THE WEEKEND REPORT, I WANTED TO ADD A REPORT SIMPLY DISCUSSING SOME RECENT TRADE SET UPS. A PULLBACK TODAY COULD OFFER OPPORTUNITIES IF THE DIP IS NOT SEVERE. . NAK was a buy all last week, and I pointed it out as a consolidation in an uptrend. WRN – I also pointed out […]
