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Things are stacking up as expected.
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SPX - it was assumed that we would turn higher here. A low risk long trade.
SPX - this was the follow through as of yesterday, and its still oversold.
Read MoreIf your favorite color is GREEN, then you probably like the futures this morning at 6 a.m. Eastern time. Is Green expected to continue as the color of the day? lets take a look.
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SPX- yesterday I thought we could expect a reversal and it looks to have happened
The NASDAQ looks very much the same, except...
Read MoreIt seems that things continue to play out as outlined here over the past few weeks and months. Lets look at the charts.
SPX- watch this number. SPX needs to bounce soon.
The markets have not had a healthy correction in years. A long term chart shows ...
Read MoreThe charts have lots to say, lets just look at the charts....
SPX- I have been watching a wedge pattern for months. It looks a lot like it broke down & back-tested (Orange Arrow) It needs to break higher real soon or it will continue to just roll over.
Read MoreI dont always do a Friday report, but things looked fairly interesting today in various markets. There is uncertainty in the waters below and it may be up to the Friday Jobs report to set things in motion. May the picture above emphasize the need to honor stops so we can trade another day .
$TRAN- We've discussed the Dow Theory and "sell In May" concepts. Will Fridays jobs report bring recovery or sell off?
The TRAN also made the 50/200 Death cross.
Lets look at the SPX...
Read MoreI want to show you the chart that I had in my morning report for OIL Wednesday . Please notice that it says that OIL may pull back to either the upper trend line or $59.34. It also could pull back to the 50sma in this consolidation and be perfectly healthy...
So what did OIL do Wednesday and what does it mean? ...
Read MoreLets get right to it, this was a BIG move Tuesday...
$USD
Read MoreJust a quick update -
Read MoreIf you have been trading certain Biotech stocks, the markets have been exciting, but if you're watching for a directional move in many other areas? Its been a little boring, maybe a little frustrating. Lets look at the charts...
SPX - Sideways for most of 2015 really. Frustrating for many. Give me a break (out or down please) 🙂
Read MoreThis weekends report will show what the Charts have to say about the health of various markets. Just like any living breathing thing, we can go from healthy to sick , from strong to weak and visa versa. What we will see can change, but this is what I am seeing at this point, based on the charts ...
The DOW JONES INDUSTRIAL AVERAGE - Selling down with a MACD cross, volume picked up on Friday
So lets look at the DJIA WKLY chart...
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