Wednesday July 17th – Catching Up

Finally,  Silver is starting to play CATCH UP with GOLD.  I've been discussing this for a while and now we are seeing Silver show us some strength. I'll discuss this a bit more in todays report after reviewing the various market sectors...

.

SLV / GLD RATIO - Silver looks ready to try to catch up with Golds run.

  Read More

Weekend Report July 13th

I loved what the Close on Friday did to our charts, so let's get right into the weekend wrap up...

Read More

July 12 – Enjoying The Ride?

When the markets can't gain any upside traction and they rise and fall repeatedly,  that is choppy trading.  It can play on ones emotions if they pay too much attention to it day by day, so we'll discuss  the current choppiness and review our expectations...

Read More

Thursday July11

I'm thinking that you can probably guess by now what round 2 is, but I'll discuss what Round Two means as we get into our market review. I also have a special little 'lesson' in this report that I know you will enjoy, when we apply it to the Miners...

  Read More

July 10th – Waiting It Out

On Wednesday, Powell will face the House Financial Services Committee for the first round of questioning from lawmakers.   The Fed will also release minutes from its June 19 meeting on Wednesday, and at this point, the Fed funds futures contracts are currently pricing in a 100% chance of at least 25 basis points of cuts.

Now let's look at our markets Pre-Fed Testimony...

Read More

Tuesday July 9th

SPX - As time moves forward the SPX still remains  healthy looking. It has stalled again, but if it moves higher we will likely see  a R.T. Daily cycle, and that would keep things on the bullish side.  My weekend report discussed 'break out to new highs' and various ways they play out.  For now, if you are long, you are still in the trade, stop at the 1/2 cycle low or raise it to the 10sma if you are more comfortable with that.

Read More

July 6th Weekend Wrap Up

  Read More

Friday July 5th

The U.S. markets were closed from Wednesday afternoon to Friday morning.  We now have 1 day left in this week to trade, and I wouldn't be surprised if many are just taking a 4 day weekend, so we may see light trading.  Let's do a quick review of where our markets stand currently...

Read More