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This is a chart that I put in my report last Tuesday. The Financials ( Banks) were set to start reporting earnings, and this actually looked pretty good. Take note of the POP last Monday to the 50sma.
Lets take a look at the financials this week...
Read More I'm sure that by now, you are ready too! Well, I have some good news on the 'Waiting for an ICL in Gold' part, but first let's cover all of the markets, including something very interesting that I noticed about The EEM. To The Charts!!
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Read MoreToday is Friday the 13th, the last trading day of the week. No, I am not superstitious, and the things that we have been watching unfold seem to almost be complete. Let's take a look...
Read MoreThis report is going to discuss a few things about our 2 faced friends - The Miners 🙂
Read More Let's review some of yesterdays market action...
Read More What happened Mondayand what to expect Tuesday...
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SPX - July 5th we seemed to have our dcl in place, day 4. I mentioned that it could be L.T., but a daily cycle could peak at day 15 and still be L.T., so ride it with a stop.
SPX - And it is heading for the upper trend line.
Read MoreI know by now you know how I feel about the Precious Metals Sector, but maybe the Theme Pic will help to clear up any doubt at a glace. 🙂 We will discuss all of the Market Sectors, but the main focus is still on Precious Metals.
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THIS IS A CHART OF THE SPX FROM FRIDAYS REPORT- The 'but' part was simply that I am expecting a L.T. daily cycle after a rally, so I keep that in the back of my mind...
SPX WEEKLY- And we have a weekly reversal that should have follow through higher too. The RSI held the 50% line too, so it is a bullish set up here at this point.
Read MoreIt is the final trading day of the week, so this report will just be a quick summary and will also include a few trade ideas
SPX - I think that we have a dcl. In tech analysis, you would expect a possible run to the upper trend line, but...
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SPX - The General Markets gapped higher on Tuesday and the rolled over again. The 10sma is rejecting price, so we still do not have a confirmed DCL, but we are due for one and we do have a swing low unconfirmed.
Read More As I sat on the plane returning from my trip yesterday, I thought of the Chartfreak Readers while having a beverage & some Crackers 🙂 I noticed that Gold was selling off, but Miners seemed to be holding up fairly well, and I wondered if that would continue through out the rest of the day.
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We'll discuss Precious Metals after a quick review of the markets and a friendly reminder that TODAYS TRADING CLOSES AT 1 P.M. IN THE U.S.
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