July 14th – Let’s Go, I’m Ready Already!

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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Friday July 13th – Almost There

Today 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...

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July 12th – Two Faced

This report is going to discuss a few things about our 2 faced friends - The Miners  🙂

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Wednesday July 11th- Finding Support

 Let's review some of yesterdays market action...

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July 10th – Tuesdays Ideas

 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.

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JULY 8TH WEEKEND REPORT

I 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.

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JULY 6TH- FRIDAY

It 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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Thursday July 5th

 

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.

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July 3rd – 1/2 day Of Trading

 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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6-30 Weekend Report- Chartfreak Lions

 I'm sorry, but my wife talked me into the picture above for the weekend report.   I actually felt right at home on my visit to the Biltmore in Asheville North Carolina.  Why? Well, they had Chartfreak Lions everywhere, and also Miners began breaking out Friday morning, easing any concerns that something ugly would happen in Gold while I was away.  🙂   Why did I like what I saw Friday, and what does that move in GDX & GDXJ mean ( if anything?).  Let's discuss the market action from this past week and what I m expecting as a result.  I also want to mention why I chose the LION as my logo when I started Chartfreak...

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