Searching For Clues

 Wednesdays Fed Meeting went off without a hitch. Sometimes the following day can get a little volatile, so Lets look at some clues within the market moves and see if things look normal or sketchy


SPX-  bounced off of the 200sma and now has good follow through above the 50sma.  I would expect a possible break above the recent highs

SPX 7-29  

You cant help but notice that the markets have been basically going sideways all year. Will they break out here and just start a nice rally?  Here is an interesting clue...

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Keeping in mind that anything can happen on Fed Wednesday,  Lets look at some Pre-Fed Charts and a few possibilities.


SPX - Nice reversal at the 200sma.   It look like it wants to go higher, but can it finally break to new highs?

SPX 7-28   Read More

A Good Hand

Have you ever heard the expression , "You have to play the hand you're dealt." ?  Well, that term is usually used when you are dealt a bad set of circumstances in life.  You need to do the best you can with what you have in front of you.  In the markets you can choose to sit this one out, use whats in front of you, and so on.  The choice is yours.  Right now we have been dealt a pretty good hand,  but tomorrow we'll be playing against the Fed.  🙁    Thats not always a  bad thing, but we should also try to  think in terms of what could beat our hand and prepare accordingly. We will discuss that further in this report.  Lets discuss the charts right now.

We are seeing a variety of things in the markets.

First we see that the SPX landed on the 200sma. Futures as I write look ready to give the markets a good bounce.

SPX 7-27 

Remember my bigger picture view posted in the weekend report looked like this...

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Just The Facts – 31 Charts Of Evidence

For the past few weeks I have daily been pointing out various 'clues' in the Precious Metals Markets indicating that a drop could lead to a nice summer rally in Gold & Miners. Is there any 'evidence' saying that such a rally is still ahead?  Some have sent me articles  ( like the one shown  below) saying that Gold is just a pet rock, Gold is Doomed, Gold has no value, and will continue to drop until it gets to $600-$800.  Well of course anything can happen, but in the weekend report we will look at all of the 'evidence' and draw our conclusions from the charts


First, a review of the various markets...

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UPDATE July 24

Quick update on todays action.  Things are very much playing out as was outlined in the weekend report and all this week...

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We all have many choices to make when trading the markets day after day. They say that it is Greed and Fear that often rule the markets at critical turning points. Thats why it is important to know who you are as a trader,  and what your threshold of Risk is.  With that in mind, I am going to make a recommendation, but the choice is yours to make, with the information supplied.

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Think Out Loud

Quick update:

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"The Train has left the station".   In trading, no one likes to hear those words. We want to be ready to get on board before the train leaves the station.  Today we will discuss the schedule of the GOLD TRAIN, and see  when it is due to leave the station.  First lets look at the markets...

In the weekend report, I mentioned a pullback was near based on Fridays charts of the SPX, NASDAQ and the Vix. SPX was at prior highs again. Nasdaq was gapping up outside of  the B.Bands.

SPX 7-17

Tuesday the SPX looked like this  as it dropped Tuesday & Wednesday...

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Be Prepared

There are times that the markets ebb and flow and then there are times when they go to extremes. By studying the charts, we can often be prepared for good trading opportunities that can come from many of these situations. Lets discuss what the charts are currently saying, especially in Precious Metals...

First : In the past I have pointed out what the Vix at 12 can often lead to.  Notice that when the VIX hits 12 &  rises  (top box) , the markets pull back  (middle box).

VIX 7-21

In my weekend report, I mentioned with this July 17 chart that I expected the markets to drop.  If the QQQ Gapped open, I said to sell it. 

QQQ 7-17

Now we see this...

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This weekends report talked about "Drops",  because many markets like the  Shanghai and even our own markets recently encountered them. I mentioned that after a drop, their often comes a great opportunity and now the equity markets were rallying.  Gold has entered its cycle timing to put in a low after it finishes its current drop too.  What does that mean?  It means we should discuss RISK, as we approach what I think is going to be an excellent  buying opportunity in the precious metals area.  First lets review the markets...


NASDAQ - We have rallied nicely out of the ICL as expected. We are outside the Bollinger Bands (not shown) and we could get a pause here sideways, or even a pullback. Notice that eventually all break outs get tested.

NAZ 7-20

Interesting thing about the chart of the SPX...

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