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Last week was the week of the September F.O.M.C. Meeting. Let's review how the week played out and ended.
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SPX - We find the SPX on day 23 and that is within the timing that it could start to seek out a daily cycle low. I am pointing out in this chart that recently when the daily cycle has been in the 20's plus count, it has merely gone sideways, so upside may be limited here.
I did notice a few other interesting things with the General Markets however.
Read MoreWhen I was a kid and my mother was making Jello or a Chocolate Pudding or Cake, she would tell me that I should not be impatient. I needed to wait until it was finished 'setting up'. That is where we are in the Precious Metals sector, and also some Energy stocks, so let's take a look at the markets and then that area in particular...
Read MoreF.O.M.C. Volatility, you just can't trust the initial moves out of that 2 p.m. decision , but what is next?
Read MoreToday we have our FOMC meeting, so lets discuss a few things that we will be looking for...
Read MoreStorms can cause a pretty big mess, no doubt about that, but sometimes after the storm, we can appreciate the beauty of the recovery. Right now the Precious metals are selling off, and to many, we have a mess. Will there be beauty after the storm? We will discuss that in todays report...
Read MoreNext week we have the FOMC Meeting, so lets see what the markets have done as we slowly move toward that date with the Fed Decision.
Read MoreJust 1 more day of trading and then we have the weekend. Let's take a look at a few things of interest ...
USD - The USD has a swing low in place ( unconfirmed, and the last one 2 weeks ago rolled over). We do see bullish divergence, but the proof would be in a close above 93 in my opinion.
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SPX - ON day 16, The SPX has more time & space to climb higher. We still have gaps below that usually fill later on.
Read More After another short review, we will talk about some trade set ups and some 'bottom fishing'.
SPX - The General Markets are still moving up out of the recent lows. No change from yesterdays report, I would raise my stops to lock in gains if the gap below eventually fills.
Read MoreNot much has changed since the weekend report, so todays report will have a short review and then I will discuss a few other important ideas.
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