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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
This is the NASDAQ chart after yesterday...
Read MoreLets 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
So we look at what happened since then...
Read MoreNot a lot has changed since the weekend report, so lets just look at some charts...
March 20 - The NASDAQ looked due to pullback
SO did it start to pullback, and if so, how far is it likely to do so?
Read MoreAs 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
Another Bullish looking set up is he following chart...
Read MoreIf 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....
The $USD completely wiped out any gains from Jan 22 onward in very short order. Oh these fickle markets ...
Read MoreIt'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
Here is a different view and how things progressed yesterday, March 17...
Read MoreI 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.
I took a look at the QQQ's and pointed out this...
Read MoreI have been out most of the day, but when I got back to my desk, I couldnt help but notice something, so I wanted to just quickly post a short update here....
Read MoreLets review some charts and examine what possibly fits next weeks possibilities.
SPX chart from March 11, looking for a buy point
SO where does the SPX stand now?...
Read More Yesterday at 7 a.m. I saw that the futures for the DJIA, SPX, and NASDAQ were green, but I said that I expected them to would sell off and close red for the day. They did. What about now , the futures are Green again pre-market, Are we due for a bounce? Lets look at some charts...
March 9 , QQQ looking for more downside. Notice the yellow dotted line and blue trend line break out
Lets look at the various markets as of yesterday ...
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