Stacking Up

I really like the way things are stacking up,  it seems that some nice  opportunities are approaching.  Lets look at some charts and you'll see what I am talking about.

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Unanswered Questions

Things seem to be playing out as expected, but that still leaves a few unanswered questions longer term. Lets look at some charts...

$USD - the pullback has acted exactly as expected (So far)

$USD 3-29

The weekly chart of the Dollar has been very strong...

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Observations

Often my Thursday report covers Thursday and Friday, leading into the Big Weekend Report, but a lot happened today, so I wanted to put out a  Friday report.  After a large drop Wednesday in SPX, DJIA, NASDAQ, IBB, etc , I felt we were right on target with the series of  charts showing the Wedge Pattern, but were we about to slam right through it and break down? It looked it ...

IWM 3-25

Today, we saw this in many markets...

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Nice Reminders

We re-entered Energy/ OIL stocks  for a while waiting for Oil to POP.  It really popped yesterday and overnight too, thats a perfect reminder that patience pays off if you're looking at the charts correctly.  Gold & Silver  Popped overnight and we'll discuss that, there is a Bullish and a Bearish Scenario that I have been pointing out and believe it or not,  both are still possible.  Then I have one more important reminder to point out.  Lets get to the Charts...

This was my NASDAQ BEARISH WEDGE - from yesterdays report

NASDAQ 3-24

This is the NASDAQ chart after yesterday...

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SEARCH FOR CLUES

Lets discuss the overall markets and then I'll tell you why I am looking for clues...

QQQ - Not much has changed, this takes time to play out, this was March 23

QQQ

So we look at what happened since then...

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Still A Wedge?

Not a lot has changed since the weekend report, so lets just look at some charts...

March 20 - The NASDAQ looked due to pullback

NASDAQ CLOSE UP

SO did it start to pullback, and if so,  how far is it likely to do so?

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Things Are Popping

As expected , the Fed Mtg Wednesday caused  several areas of the market to really start popping. There is so much to cover this weekend, so lets get right to the  (29!)  charts...

 

Starting with IWC - As pointed out over the past several weeks, This is a bullish looking set up

IWC WKLY

Another Bullish looking set up is he following chart...

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POST FED GREEN LIGHT

If you were watching the markets yesterday, then you may have seen something quite interesting from about 2 P.M. onward as the  FED information was released.  It looked like this at a casual glance....

USD

The $USD  completely wiped out  any gains from Jan 22 onward in very short order. Oh these fickle markets ...

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Waiting On The Fed Again

It's Wednesday and again the FED seems to be adding uncertainty and volatility to the various markets. Lets look at some charts, not too much has changed since yesterdays report.

 

QQQ March 16

QQQ march 16

Here is a different view and how things progressed yesterday, March 17...

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A Morning For Focus

I want to focus specifically on the subject that was my midday alert Monday, but first a quick market overview.

 

SPX - We looked ready to move higher, and we did, but within a possible wedge pattern.

SPX WEDGE

I took a look at the QQQ's and pointed out this...

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