As mentioned in a few prior reports, we are riding through a consolidation zone in some sectors, and now Oil and Energy are experiencing a slight pull back. In Bull Markets, these are healthy events and over time we eventually see higher lows and higher highs. Understandably, these periods where gains are given and then […]
Looking forward… . SPX – The squeeze on the Bollinger Bands usually leads to a strong directional move. You can see that we are consolidating in a bit of a triangle / wedge and heading into the apex. A break out 1 way or the other should occur soon. A break out higher could lead […]
And as predicted, it is a force to be invested in 🙂 . WTIC – Many doubted that Oil could come back so quickly, some on CNBC were saying that it would not make it past $44. With an ICL in place, there is no doubt that this chart shows us….The Force Awakened. We have […]
Today the Fed Minutes were released. Could you tell? The SPX sold off and then recovered the 10sma.
Fed Minutes are released today. We have seen a few sideways moves in various sectors, maybe this will be a catalyst for a directional move. . SPX – If you re not long or short, don’t jump the gun. After a long consolidation, the move can be prolonged, and I have actually been expecting a […]
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…
