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One 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.
Read MoreToday is the last day of the trading week, and with the General Markets and Oil trying to bottom, and Precious Metals ( Gold, Silver, and Miners) bouncing around at their recent lows, it has been a Bumpy Ride. Add to that Options Expiration, and I would say that the last day of the week won't be much better. Let's just take a look at what we have...
Read MoreI am seeing signs that the General Markets are close if not already at their next lows, and as expected, I also believe that Oil has put in its lows. I want to discuss what this might mean going forward.
Read MoreThe General Markets reversed higher on Tuesday, however...
Read MoreWhat a week! On Monday I said that I expected volatility, choppy trade, and even the drop down into a dcl this week and that is just what we got. Even when you expect it, a sell off in addition to the current news events often make you want to step back and ponder what the future market environment may hold, so lets take a step back & look at the Bigger Picture.
Read MoreThursdays trading finished up with many charts technically looking the same as they did on Wednesday. We did see some reversals, but no swing lows in place yet. Today (Friday) is the deadline for the U.S. - China talks, so that choppy week of trading was anticipated, but now what? Let's take a look, there are many clues...
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