Wednesday Jan 10 – It’s Just A Pullback

 We will discuss the Miners and the current pullback after a quick review of various Market Sectors.

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SPX - This is often a topping candle, a reversal , but lately the SPX just drops down to the 10sma and may fill some gaps if it does.

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No Big Changes yet

No big changes took place since the weekend report, but we do have quite a few charts to look at, so let's dig right in...

 

SPX - The markets continued higher...

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January 6th – Weekend Update

Looking at SPX, DJIA, and the NASDAQ at the end of the week, and we basically see the uptrend remains on track. Using  a trailing stop has kept the 'longs' in the trade.  Some are riding UPRO, UDOW, TQQQ.

I wanted to point out the VIX again, however...

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Oh, THAT’S What That Feels Like!

How timely was my article at the end of yesterdays morning report, discussing how sharply the Medical Marijuana stocks can sell off ? Holding those felt a lot like that ride in the opening Theme picture, but I am going to have a part 2 in todays report and discuss future buying opportunities in some of these companies again too.

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Thursday Jan 4th

 

SPX #1 -  There are a few reasons that I do not believe that we just saw a DCL 2 days ago.  That means that I think we are on day 32, and we should still dip into a low soon.  I pointed out the area of the green arrow yesterday as an example.

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JAN 3rd – Floating Markets!

 In that Theme picture, we see what is known by some as a floating market. Well, I think that many of us are seeing our own version of a floating market too.  Let's discuss out stocks market action in a few sectors of interest, as well as some individual Miners and Stocks.

 

SPX - The first day of trading in 2018 was a move higher on day 31. That MIGHT have been a dcl, but I am thinking that it was a continuation move similar to what I am pointing out in October with the blue arrow. If you are long, it doesn't matter, your trailing stop is still keeping you invested.

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Weekend Report – So Many Beautiful Bulls

 

DJIA - We have discussed the parabolic nature of the general markets climb, and you can see that this continues. Riding UDOW or UPRO with a trailing stop would now have kept you in the trade for a long time.  Dips are quite shallow on a weekly basis.

 

I would keep this in mind going into January 2018 however ...

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Friday 12-29- 2017

Well, this is the last trading day of the week, before another long holiday weekend.  We will be entering 2018 next week  (Can you believe that?)!  It might be a good time to decide what you want to hold over the long weekend,  or maybe what you currently are invested in is just fine.  Let's take a look at our Final Trading day of 2017.

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BITCOIN

This is the regular report, with an extended section on Bitcoin / Cryptocurrency. That Bitcoin section will be released to the public later today too. For now, let''s review some of the areas of interest in Wednesdays markets.

 

SPX -  No change in expectations from yesterday.

 

You want to keep this in mind though...

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Wednesday Dec 27th

For a quiet holiday week of trading, we certainly saw some big explosions in a couple of sectors.  Let's discuss our markets...

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SPX  - We saw the markets continue to pull back a bit as the trading week started, but nothing has been technically damaged.

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