This week various sectors actually made some moves that could affect the short and longer term outlook. Lets dig right in and review what has happened. SPX – Expecting a pullback with resistance at former highs, this is wedge was posted and a possible channel could form. SPX – The channel has been broken, but […]
As I begin writing this report, it looks like OIL may be ready to bounce here. I wanted to take this time to examine the evidence and discuss my recent expectations in the Oil markets. WTIC – Nov 11 this was our picture of OIL. Please note the $42.58 . Oil was not acting the […]
I wanted to discuss OIL a little later in this report this morning, since it is acting a little weaker than expected. We’ll start with our market review. We expected a small pull back in the markets, and this chart showed where the Fib #’s would be. There was also a channel included. We have […]
There was no significant change in most of what was covered in yesterdays report. Draghi is scheduled to speak in London this morning, could his speech change things? It has in the past. For now, lets just do a review of what we’ve been looking for. With a pullback due in the SPX, I […]
Lets review a couple of ideas that we discussed in the weekend report in our premium section. $USD – legitimate break out. This could have major implications for Gold, Commodities, and the markets. Lets look at the Dollar on a daily basis…
As mentioned in the weekend report, Gold & Silver have been selling off at a very rapid rate, and I think that they should be due for at least a bounce. I want to take a look at that idea in this report, but first a review of the markets. The markets don’t look […]
From the time of the Fed Meeting to the Jobs report Friday, we have had a lot of action in the markets. Action in the markets is what draws our charts, and we have an interesting mixture of charts to examine this weekend, so lets get to the 36 charts that I have prepared 🙂 […]
Jobs Report, Flying Dollar, Diving Gold. Please dont forget Energy 🙂
Count the Green days vs the Red days in Gold for the past 2 weeks, and you could say that it has been in free fall for a bit. We’ll discuss that after a market review. The SPX has been moving rapidly higher and recovering from the August – September sell off quickly. Since […]
I want to discus a few things in todays report, and then I will have a small ton of charts & Set ups in Energy and Commodities. I will start with the markets and their nice run higher lately. I did mention that the IWM, TRAN, and the IBB looked to be lagging a bit. […]
