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As I was gathering charts for the report, I realized that many of the charts for Tuesday looked just like Mondays. That means there really isn't a whole lot new to say in some sectors, so let's do our review and then discuss some stock picks.
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From Monday - no Dow 20,000
No big change - Copy / Past
Read MoreAfter our normal market review, I wanted to share some additional thoughts about the Uranium Sector, since it has also been perking up and showing signs of life after a bear market sell off. I don't want this to distract anyone from our current focus and trades, but my pointing out a few things here today allows the readers some time to do a little additional research of their own if they are interested. By the end of this report, you will see why I think this could be worth bringing up.
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DJIA - No Dow 20,000 yet. This really doesn't seem to be a true magaphone topping pattern, but it is close. A flat top pattern would be bullish, so I'm watching for a break of either blue line.
Read MoreThings are pretty much playing out as expected in the markets, and from what I am seeing in the precious metals sector, things are still on track there too. Let's take a closer look at what last weeks action brought us.
DJIA - 19999.63, are you kidding me? 🙂 A fraction away from DOW 20,000. I feel that we likely just saw a dcl and I would expect a push to new highs soon, so DOW 20,000 should be accomplished in the near future.
There are, however, a couple of other things that I'm noticing in the general markets too.
Read MoreFridays report is a preview of what I will be discussing in the weekend report. I want to explain why sometimes traders become victims of getting a little too cute. Let's discuss this a little bit right now...
Read MoreTodays report is simply to discuss stocks that look ready to run. Tuesday, while looking at the S&P 500, we saw a reversal. We also saw a reversal in many of the stocks that I had been eyeing, so let's take a look at the the markets and some of those stocks.
This was from yesterdays report. It was bullish overall, because we were locking in a right translated daily cycle, but I was also expecting a dip into the daily cycle low. In the weekend report, I pointed out the 50sma as a possible target for that drop.
SPX - On Wednesday we saw follow through on the reversal. I do not know for sure if that was the dcl, but these markets look set to go higher.
Read MoreThere are areas of the markets that are looking quite inviting, so lets review the first day of trading in 2017 and see what we can find.
SPX - From the weekend report, I expected a bit more of a drop.
SPX - Good volume on the reversal, this could continue higher.
Read MoreIn my opinion, the year 2016 ushered in a traders paradise. Let's take a look at where 2016 left off , and where 2017 begins.
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SPX - As expected, the S&P 500 is selling down at this time, possible target shown.
Read MoreThis is a BONUS report, but please know in advance that this report is not being written to encourage all of my readers to invest in this area. It involves what could be considered higher risk trading, so while I welcome everyone to read it through, please know who you are as a trader / investor and do not take unnecessary risk. Look at that Theme picture again. If that is not you, then please proceed with caution. 🙂
Read MoreWhat is lining up? Let's take a look.
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DJIA - I do believe that DOW 20,000 will have to wait for 2017. This is dipping into a daily cycle low.
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All eyes on Dow 20,000. It was close, but we didn't quite get there yet.
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DJIA - I'm expecting a drop into a dcl, but the question remains, "Will we see Dow 20,000 before 2017?" It is possible, but then I think the markets experience that pull back.. Dow 19980.24 was the high Tuesday.
We do have a right translated daily cycle, so I would expect Dow 20,000 sooner or later.
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