March 17th Weekend Report- Thinking Out Loud

Let's go over the markets and see what may or may not have changed with the Fed Rate Hike this week.  🙂

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This was my MARCH 10th SPX chart- I expected the general markets to drop back a bit more on the pull back, and then to put in another run higher. It would then be in the timing to roll over into an ICL as shown.

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Friday 3-17-2017 TRADES

The markets have not changed very much from the Thursday report, and I'll be discussing the bigger picture in the weekend report, so today after a brief GOLD & MINERS discussion, I want to just discuss a few trades.

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Post Fed Explosions

We got a Fed rate decision, and we got some Fed Decision follow through. It clears things up in the short tern time frame and makes it easier to see what is going on,. Let's see what Wednesday brought our way.

 

SPX  March 9 -  I was looking for a shallow DCL The RSI started curling upward while price was dropping...

SPX MARCH 10 - A swing formed and the dcl was due and likely in place.

Now we have a confirmed DCL, as seen here

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Fed Wednesday – Business As Usual?

Today is Fed Wednesday -  You know the drill.

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Tuesday 5-14-2017

The weekend report said it all, this is just a quick update

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March 11 Weekend Report

"Yes, there are two paths you can go by, But in the long run, There's still time to change the road you're on."

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Friday March 10th

After a quick market review, I wanted to just briefly touch on the fact that we have 'No Bounce' in the Precious Metals sector.

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March 9th – Oil Rolled Over Too

The pullback in the general markets remains orderly and rather mild. We are deep in the timing for a swing low dcl.

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March 8th –

Things are lining up as expected now, but one sector may be a little too hot to the touch for non day traders, while others may be looking forward to a fast trade or two.  Let's take a look at these markets...

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March 7th –

Let's discuss a little bit of what has happened since the weekend report.

 

NATGAS from the weekend report. This has been a low risk entrywhen it moved above the 10sma, but there is resistance at the 200sma. Notice how NATGAS started out slow and then rallied strongly out of Novembers lows.

 

There is one thing that I am considering in the NATGAS area however...

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