Archive for category: Premium

I sure hope that it is break time!  Let's take a look at our markets after the Fed minutes were released...

QQQ - I captured this chart at 1:49 p.m.- right before the Fed Minutes were released. Do you see similarities in the blue boxes that I have been pointing out? I don't like that gap.

If you need to know how I feel about Miners,  check the reports from the last several weeks, but I will add one more thing to that discussion at the end of this report. 🙂  First let's do a market review...

SPX - After breaking below the 50sma as expected, A gap open Monday has put a  swing in place, but it is unconfirmed at this point.  Another day of follow through may help to clarify this picture.  Day 29 is on the early side in the daily cycle count, so let's see what Tuesday brings. See the chart and we'll look at the NASDAQ.

This week was a week of solid activity, and I have quite a few charts concerning the Gold & Silver race, so let's take a look at the action...

We saw some interesting moves in the markets on Wednesday, so let's take a look...

SPX - We see a reversal, but I do not expect a major run higher.

NASDAQ #1- I read head;lines saying " Even the threats of North Korea cannot hold down this bull market".

However...

In some areas of trading, we see stock picks and stock trades stretching out nicely, and in other areas we see 'cycles' also continuing to stretch out, so lets examine both today.

SPX - I do not think that day 19 was the peak and the daily cycle low of the daily cycle, so that would mean that we are on Day 26.  This could pop and run a bit higher, but it is probably going to drop to the 50sma area for the next dcl.

NASDAQ - The NASDAQ got above the 10sma, and that it bullish, however I would imagine that it is only good for a short term trade.

And this is the reason why...