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We have been expecting a bit of pull back in the General Markets, and it would likely start after the SPX tagged that 200sma. I am not expecting a wash out sell off, it will be more of a ' Buy the Dip' type of pull back into the first dcl, but if you want to hold on to most of your recent gains? Then at the first signs of cracks in the ice, you would certainly tighten stops or take some profits. You want to Stay Frosty for a while.
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SPX - The SPX tagged that 200sma, dropped to the 10 sma, and bounced bit into the end of the day. We are on Day 30 and I expect this to eventually back test the 50sma.
Read MoreI've been mentioning that we could start to see some short term changes , possibly as soon as Wednesday of this week. Let's take another look at the reasons on the charts...
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Read MoreNothing has really changed since the long weekend report, but I'm going to discuss why it might be time for a change. Let's begin...
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SPX Weekly #1 - This is what I have said that I have been expecting out of the first daily cycle, and now we are hitting 2 resistance zones. We May or may not be at a top, but timing wise, we are close. We will dip to a dcl soon.
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It's the last trading day of the week. Let's see if the 'Things' that have been running like a Cheetah in the markets can give us one more up day! 
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We had some nice action after the FOMC Decision Wednesday. A lot of the sectors played our as expected, so lets discuss what to expect going forward too.
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SPX - The General Markets broke higher with the Fed 'No Rate Hike" Decision. I expect a little more upside.
UPRO - UPRO, SOXL, TQQQ, etc are good 3x etfs for 'Fast Gains", since this daily cycle could peak after another run higher.
Read More Let's take a look at the markets current set up, as we wait for the FOMC Decision at 2 PM. Eastern today.
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SPX - Basically still sliding sideways along the 50sma as expected, we had no real change in the General Markets. Are they waiting for the FOMC Decision too? 
I wanted to take a look at something else here, to see if there are any clues as to which way the Markets may break after the Fed Decision...
Read MoreWhen a trade is acting correctly, sometimes we just trade out of them after they hit an estimated target, and wait to see if they pull back and offer another entry point. In some set ups, however, if the run looks really bullish, I may just encourage selling a portion on the way up and trying to Hold On if you can. I will explain that a bit more later in the report, after a brief discussion of our markets...
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SPX - Last week I mentioned that because of the rising wedge, Price may need to crawl sideways along the 50sma as shown (XYZ) to form more of a channel.
SPX - So far it has done just that. It is day 21, and I feel that we could still run to the 200sma and then 'peak' and drop into the dcl. 
Read MoreWe had another very active week of trading, and opportunities were wide ranged for traders and the short term Buy & Hold investors alike. Trading has been excellent and profitable for weeks now. Let's take a look at The Markets and future expectation...
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SPX WEEKLY - The run out of the December ICL has been a sharp rally with a slight pause this week. It should continue to the 50 weekly ma (Blue line) over time. 
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