In this weekend report, I want to review the markets as usual and discuss where they are at. Things look very interesting in many ways. I also wanted to discuss a few things about my personal view of trading around cycles. In my analysis, many are aware that I incorporate a variety of helpful techniques. […]
Lets do a market review and then I’ll discuss what will be in the weekend report. . SPX – We’ve been looking at what looks like a H&S. EVERYONE is looking at it and the group think is seldom correct, so I have to wonder if it’ll play out. The reversal could be a DCL […]
Wednesdays release of the Fed Minutes certainly caused a ‘reaction’ in the various sectors of the markets. It falls in place with the timing of certain cycles, so lets review the action and what it may mean moving forward. . SPX – The General Markets sold off with the Fed minutes. They recovered into the […]
FOMC MINUTES RELEASED TODAY, that can affect the markets , since they seem to be at pivotal points. I have a lot to discuss for a Wednesday, so lets get right into the report… . DJIA– I usually use the SPX, but they are similar right now. POssibly dropping to the 200sma, but ‘time’ is […]
Patience in the markets can be rewarding and it might come in various forms. Patience is often needed to wait for a pull back to turn into a buying opportunity or a trade set up. It also might come when we are holding positions and we are waiting for price to show follow through. This […]
Using charts like the one below, you may recall that I had been call for a low in Oil in early 2016 and snap back rally in Oil and Energy stocks. Since that time, many analysts still called for another price crash, and that includes Goldman Sachs . Is this important? It is if you […]
While looking at a variety of charts for the weekend report, I started to see things give us some mixed signals about he health of various sectors. With that in mind I wanted to do something just a little different for this report. .
This is my “It’s Friday and I dont usually do reports on Friday” report. Whenever Thursdays action raises questions that can’t wait until the weekend, I do a Friday report. . SPX – This was yesterdays chart. We likely saw a DCL last Friday with the reversal at the 50sma. AS LONG AS THOSE LOWS […]
After a brief market review, I want to point out something that seems to be telling me that now is the time to act. Lets begin… . SPX – Price was rejected at the upper trend line, and it dropped down to the 10sma. The Red Circle shows that shortly after prior DCLs, price did […]
Have you ever been thrown off of a Bull? Maybe your stop was triggered only to see that stock turn and move higher. What can you do? We’ll discuss that after a quick market review. . SPX – This was my May 5th chart. I have been pointing out that the SPX ( And general […]
