Jan 29- WHY?

/90 Comments/in /by

DJIA - Monday was a down day.  let's see if we can get 2 days down in a row, since we haven't seen that for weeks.  🙂

Read More

January 28th – The Weekend Report

/143 Comments/in /by

 We rode out some choppiness this week, so the weekend report can act as that  'beacon in the storm' that guides us along.  Let's review our Markets...

 .
 

SPX WEEKLY #1 - As expected, the General Markets are accelerating and this weekly chart shows the last 4 weeks as strong green weeks. A trailing stop has been very effective for those riding this 'long'.

  Read More

Thursday Jan 25

/172 Comments/in /by
 

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).

Read More

Looking For Wednesday Follow Through

/201 Comments/in /by
.

Let's get right to yesterdays action...

Read More

January 23rd – Still Waiting

/187 Comments/in /by

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.

Read More

JAN 20 Weekend Report

/158 Comments/in /by

We have a Big weekend report, dealing with the BIG PICTURE, so let's get right into it...

 

SPX - This is usually a topping candle, a 'spinning top' on the weekly. The markets have been very strong, so a pull back would be normal. We'll see how this plays out next week in our daily reports.

  Read More

January 19th – Closing In

/200 Comments/in /by

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 🙂

Read More

Jan 18th – More Picks

/93 Comments/in /by

The VIX was Popping, the markets were dropping, and ...

 

DJIA - We just can't even get a 2 day pull back in this runaway move 🙂   A trailing stop still has you in this long position  ( TQQQ, UPRO, UDOW, ETC).  If we do get a sustained pull back, it will likely be a very good buying opportunity.Day 41 for the Dow is getting late.

  Read More

January 17th – Expectations

/174 Comments/in /by

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.

Read More