What Do We Have Here?
I just want to get right to the point here, lets look at the charts.
I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.
I just want to get right to the point here, lets look at the charts.
I mentioned in a few of my August reports that things could remain a bit choppy going forward, especially if we are entering the timing for an ICL in Gold & Miners. We saw this in both OIL and Precious Metals markets in the past, and I will again point that out in this report. […]
What are we watching on Friday? . SPX – Yesterday, using this chart, I pointed out that this confirms the daily cycle low, and it is a bullish break. This could be considered an Island Bottom reversal. It is a bullish break out, especially if that gap doesn’t fill.
My High School Sociology Teacher used to start his class by saying, ” O.K. friends, no fooling around here. I have a lot to cover today, so let’s just get right into it.” I miss that, and I have a lot to cover too, so lets just get right into it! 🙂 . SPX – […]
Lets discuss Fed Wednesday
I have a core position in Miners that I started early in 2016. As a trader, I have sold most of my shorter term trading positions and I am waiting for the fat pitch to reload. Are we there or is there further selling likely? I believe that we are very close to another run […]
I am fairly heavy in cash in my trading account and with cycle timing being where it is in Precious Metals, I am trying to stay that way going into the Fed meeting. ( I will always have a core position in Miners since admonishing that in early February). We get up each morning in […]
The weekend report will take more of a big picture view, but I really think that everyone here should take the time to skim through Fridays report again. It was more of a detailed idea of what is happening, specifically in Oil and Precious metals. Please go back and at least just skim through those […]
This is just a little Friday report to toss out some Reminders about what we will be looking for next week. . NASDAQ – I have been mentioning that cycle timing indicates that we should have a daily cycle low. We don’t have one in he SPX yet, but the NAZ may be leading the […]
Volatile markets and choppy sideways action, which way will the markets break? As daily cycles begin to age and the FOMC meeting approaches, it may be best to listen to the words of the gambler – You’ve got to know when to hold ’em, know when to fold ’em, know when to walk away, and […]
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