Thursday August 15th – Be Careful Where You Step Out There

/in /by

Recently I have been pointing out various areas where divergence seemed to be sending out a warning. Wednesdays trading got pretty ugly by the end of the day, so let's see how everything was affected...

.

NASDAQ DAILY  - We have been trading the Miners more than anything else, but for those that take positions in the General markets, this reversal at the Red Arrow could be bought for those wanting to go long.  I also said that it would need a stop, and the stop should be Raised as price moved higher, due to the wide open MACD gap.  The Nasdaq was rejected at the 50sma,  and ...

  Read More

August 14 – Are You Still Hanging In There?

/in /by

.

I've heard the old expression, "What a difference a day makes", but Now I truly understand the expression:  "Wow what a difference a day makes! " 

Read More

Aug 13th – A Choppy Start

/in /by

Pick any Sector and it looked a bit Choppy Monday, and even though Gold & Silver are looking like they are forming Bull Flags, Miners dropped.  Let's take a closer look and see what Monday brought our way...

Read More