Archive for category: Premium

SPX - The General Markets continue higher, and the pull backs have hardly been below the 10sma.  This is a doji candle and usually leads to a reversal top, we are due for a deeper drop, but as I have been saying for weeks and months now -   just use a trailing stop and you can stay long in this type of bull run  ( Some are in UPRO, UDOW, etc).

SPX   - I believe this is day 44 of this daily cycle. It looked like a bull flag going into the weekend, and it did break upward, but it is late in that daily cycle.  I  would expect a small pull back soon. These are very bullish markets.

I want to do a quick market review, and then I have some very interesting charts of Gold & The Miners pertaining to the situation that we find ourselves in currently.  I want to use this Friday report to further prepare us for what is coming in the Precious Metals Sector...

SPX - Day 42 is late for a daily cycle and I expect a pull back eventually, but these markets are very strong.  Last weekends report pointed out that the 'weekly charts' looked to be heading into a parabolic run, and this week may close at highs again!   'Longs' just continue to take advantage of this never ending gift with a trailing stop 🙂

With only 1 trading day behind us since the weekend report, nothing has really changed in our expectations for the various Market sectors, but some small changes did take place.  Let's  just take a look at what we expect going forward.

SPX & VIX - Using the chart below, I had mentioned on January 3rd that as the markets keep running higher, they continues to look to have that parabolic type climb to it.  Then I pointed out that with the VIX trading at 9, we should expect a POP in the VIX at some point, and a drop (temporary) in the run. Here I pointed out that LOWS come after a pop in the vix.

The VIX started to pop Tuesday and ...

SPX - The Markets started to roll over. It is day 40, so we are due for a pull back using cycle timing.  I would look for a drop to possibly dip under the 10sma for starters. The dips have been shallow, so we'll see how this plays out over the next few days.

 The way the various sectors of the markets have been playing out, I would say that there is something out there for everyone.  We have 'short term trades', 'longer term set ups', 'trending runs', etc.

 Note:  Today is Friday,  the last day before another 3 day weekend in the U.S. Markets.  You may want to keep that in mind as you decide what you do or do not want to hold until Tuesday.