Not much has changed since the weekend report, and we are still seeing once semi-ugly charts becoming diamonds in the rough. Let’s review… . SPX – I personally took a long trade after calling the ICL in June ( And pointing out the 3 white soldiers very bullish pattern), I didn’t stay long during the […]
The past few weeks of trading have been very good. Active traders have been able to find set up after set up, especially in Miners and now Energy. Some that Bought Miners in late May and Early June are still reaping rewards, and we have been looking at Energy trades for the past 2 weeks […]
I wanted to share a thought on Gold, Miners, and Oil . WTIC – Oil remained bullish with the bullish follow through on Day 6. There may be resistance at the 50sma, but so far this looks good.
We were expecting the start of a pull back, so I posted this NASDAQ chart along with the Vix and a few other charts Now lets look at the latest developments…
Along with our market review, I want to discuss some of the selling we saw in Oil and Energy stocks Tuesday. What are we looking for in the pull back that we see? Should we be scooping them up, or not? Lets review our markets…
I am seeing step by step progress in the areas that we discussed in the weekend report, so I am going to go right there. . This was my weekly Oil chart
And the good news is, I see quite a few bears falling asleep again. Our trading has been fantastic in 2016, especially in the beaten down Precious Metals sector, Commodities like Steel and Aluminum stocks did well, and Oil and Energy. The bears had attacked these sectors for quite a while, but now it seems […]
The May and June Jobs report numbers came in very low, and it was given an ‘F’ by many reviewing it. If we get another low number this morning, it will likely be graded an ‘F’ too. What if the numbers suddenly come in strong? It’s probably worth an ‘F’ too, for ‘fudging the numbers’. […]
Things still seem to be progressing along in the various sectors of the market that we have been following. Lets take a look. . SPX – This sideways move is really a bullish consolidation. As time goes by, we get deeper into the daily cycle, but this is holding up rather bullishly. On a wkly […]
I was getting emails asking me to post my CORE positions so that others can copy those positions. As shown here, that will not work, because I acquired a lot of my core at the end of the bear market and they are up 400, 500, 700% already. That doesn’t mean that it is too late to start a core for this bull market. I do believe that the bear market is over, and I believe many of these Miners are going to be a LOT higher 1 or 2 years from now. Searching for core opportunities may be rewarding when the next ICL comes up , which I expect this fall.
