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If you're a premium reader here, then you know what we've been getting a little excited about, even wondering out loud if it's possible that ...??? Well, We'll get to that in a minute, first lets discuss a few other charts : )
SPX - When this consolidation breaks, the move should last for a while
The NASDAQ looks a little different...
Read MoreAs I have discussed in previous reports, I am seeing some really bullish set ups in some Sectors, and some interesting moves in other sectors, but still I have to wonder if there could be future storms rolling in within the equity markets? Lets look at some charts...
The NASDAQ re-gained the 50sma, but is still weakish. Look at that MACD. We need a burst higher soon.
Lets look at the SPX...
Read MoreNot much changed from The weekend report to now, so lets quickly review the mkts and then review a couple of trade set ups...
For the NASDAQ- I have been showing a bearish wedge, and I pointed out how they occasionally can consolidate & turn bullish like in this 2011-2013 wedge. I shared this chart
Lets look at the SPX currently
Read MoreI am seeing a lot of Triangles forming in the markets, some bullish by nature and others bearish. Lets take a look and review the past week and look forward to a few ideas too...
I posted this WKLY NASDAQ in a mid-week report on MAY 6. Could it recover?
Amazing. It recovered by week end.
Lets look at some other triangles and wedges...
Read More6:30 a.m. Eastern time : I collected most of the Charts for todays report last night. I thought to myself that like I wrote in the weekend report, it looks like we are seeing some Big Picture changes lately. I awoke this morning to Futures down quite a bit and that makes the charts you are bout to see all the more interesting. We all know that when you wake up to Futures down, the day can reverse and still close green and visa versa, but take a look at where we are , and you'll see that things look quite interesting.
I like to start with the previous days chart, so here is the Nasdaq from Tuesday. Breaking down?
SO what happened Wednesday? Oh yes, it wasnt a FED WEDNESDAY, but The Fed did say something in an interview that shook the markets a bit more...
Read MoreAs mentioned recently in a prior report, The Markets seem to breath in and out with human interaction. They can Ebb & Flow like the ocean, and some pullbacks can be very healthy , giving the upward move more energy to break above resistance. The picture above shows the idea of a pullback that has done its job. SO in this report I wanted to discuss certain pullbacks that can be buying opportunities, and of course there are some that aren't. Lets do a market review...
NASDAQ- This was my chart for yesterday, I mentioned that a pullback usually occurred with the little move that we saw on Monday. It too could be a healthy little pullback.
So we did dip yesterday, lets take a look...
Read MoreNot a whole lot has changed since the weekend report, but we can review the little changes that took place and see if it changes anything in our big picture outlook.
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NASDAQ may 1- The Wedge pattern still had wiggle room
You can see on the next chart that on Monday there were minor changes...
In this weekend report I wanted to briefly review various sectors as we usually do. We have been quite focused on Energy and recently I was calling for the double bottom lows in NATGAS. We have seen these ideas play out perfectly. Now, in this weekend report, we're mostly going to focus on GOLD/SILVER/MINERS. I have about 40 charts and this will be my longest wkend report to date, enjoy!
SPX & NASDAQ - I have pointed this out for many weeks now. Very trade-able lately, buying dips, selling rips.
Here is the NASDAQ...
Read MoreQuick update for readers here on Gold & Silver.
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