Archive for category: Premium

 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'.

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.