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So in this Big Picture Report I am going to just let the charts do the talking. At this point in time, it now looks like things are playing out very much as expected way back last summer. You'll see what I mean, and it should be good news for those that are sick & tired of this directionless chop! Enjoy...
Read MoreIn the markets, at times it can be a Challenge to discern early on whether or not some of the Changes that we see taking place are real changes with follow through or just continued choppiness. Lately the choppiness has been full of whip saw moves, and for that reason, I have admonished keeping any positions small and always honoring stops. Eventually, we will get more of a directional move, but when will we get some follow through? Let's go to the charts and discuss this further...
Read MoreWe are due for a bounce, but the markets have not been able to muster one up yet. Yesterday we did see some reversals heading into the close, so maybe a bounce is next? Let's take a look and see what the charts say...
Read MoreThe choppiness remained for the start of this week, so things continued to go nowhere fast.
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WEEKEND REVIEW AND OBSERVATIONS
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We know that volatility and choppiness can be frustrating and disappointing, and a few of my trades have tossed me around a bit too. That said, I want to also say, "Trust me, we've have been through this MANY times before, and I can say with full confidence- Better Days ( of trading) Are Ahead!"
Read More Today the Fed Minutes are expected to provide insights into the May 1 central bank meeting. Policymakers decided to keep interest rates steady, and I do have some interesting things to show you pertaining to that. 2 P.M. Eastern Time will be the time that the minutes are released, so set your alarm 🙂 Let's take a look at the Markets.
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SPX - This was the SPX in yesterdays report, showing a possible back test and the DCL is in place...
Read MoreOne thing that the markets do not like is indecision, and lately with the China Tariff 'cause and effect', the Markets are having a tough time gaining traction. I believe we also get the release of the Fed Minutes this Wednesday, so it seems like we are in for some more choppiness. Let's just take a look at what the week started off like...
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SPX - We had the break of the short term downtrend recently, but the upside follow through has been lacking. The SPX lost the 50sma, but this may just be a back test of that trend line. We'll see if we get a bounce Tuesday.
Read MoreFor our Weekend Report, we'll take a look at the changes that took place this week, and see how our Big Picture Views are shaping up. I think that you that you are going to love this report, so please take your time with the precious metals Sector and enjoy...
SPX - The General Markets are due for a dcl, and this looks like day 4 even though it sold off Friday. I wanted to start with the DAILY Chart, because the weekly alone would look less like a DCL formed.
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