There were a lot of interesting moves in the markets Tuesday. Today is Fed Wednesday, so we shall soon find out which ones may have been fake moves and which ones may be real. Let’s take a look at a few of these moves…
Let’s discuss Monday and keep in mind that we are closing in on the FOMC meeting Wednesday. . SPX FROM THE WEEKEND REPORT – After the break out the VIX was below 11! I expected that we could get a drop and not a continuation higher for now. I posted this in the comments section […]
This is our weekend wrap up, and I really like what I am seeing. This is a long report with a good amount of discussion and about 30 charts, enjoy. .. SPX – The General Markets broke out as expected, but we have yet to see follow through. Let me show you something interesting […]
It’s Friday, the last trading day of the week, and things are continuing to move ahead, right on target. Let’s take a look… . When I pointed out the USD on Wednesday, we were looking at a new low on day 32, with a peak on day 16.
SPX JAN 24th – Tuesday, we were expecting an upside break out, and we also viewed the DOW with a tight bollinger Band squeeze. SPX – Break out
Some of our trades are running and others have paused. We’ll discuss this as we go through our market review. . SPX – This looks like an inverse H&S and looks to be breaking out higher. The SPX and Nasdaq did hit new highs. Let’s look at the Dow Jones ( Dow 20,000?)…
Is what Peeking or peaking? Let’s start with the USD- . The USD was rejected at the 10 & 50 sma last week, but it is in the timing area for a bounce.
Market Vectors Gold Miners (GDX) – This looks to me to be a Bullish ascending flat top wedge. While a drop to the 50sma has always been expected, these usually squeeze into the apex and POP higher. We are at the apex, so that means we won’t have to wait long to know- this will resolve next week.
The weekend report discusses the current set ups in various sectors, with a bit more focus on the precious metals sector. . SPX WKLY – I’m not saying that the General markets cannot go higher, this riding along the upper wedge can continue, but this wedge does tell me that I should expect a pull […]
I wanted to start the Friday report by looking at the HUI in the year 2000, as it began to rise out of the bear market lows. We will also discuss a few other things pertaining to the Mining sector, including GDX and its current run higher. HUI 2000 – This run higher was […]
