Wait Just A Minute! Fed Minutes Released

At 2 p.m. we had our F.O.M.C. Minutes released, and some things changed right away, so we'll discuss that.  Is it likely to be a short term knee jerk reaction that only lasted for the rest of Wednesday?  Or does it look to be more of a medium term change, with days of similar action to follow.   I almost think that the readers here already know the answer to that, but we will discuss it further.

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Wednesday – Juggling Time And Ideas

If you were in front of a screen during trading hours yesterday,  you may have also noticed a multitude of  trade ideas in various sectors popping up all over the place. It was a lot like juggling for the active trader, and a couple of questions received in emails reflected the fear of missing out on some really good moves in the blockchain trade ideas that I mentioned on Feb 8th, saying,

" XXXX was up 20% and YYYY was up 50%, my stocks were only up 5%- 7%, am I in the wrong stocks?".   Those  blockchain stocks are very hard to just buy & hold and as mentioned, they are NOT for everyone, so I would not chase those.  I'll discuss them more at the end of the report.     Let's take a look at things and answer a few questions...

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Feb 16th Weekend Wrap

We have a lot to discuss, and I have a special section on the Precious Metals that should  interest everyone here, so let's get right into it ...

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SPX WEEKLY  -  The market continues to rise out of its V-Bottom. It has now broken out over the 200sma on a daily, and that means that it is above the 50 week ma. I am using red arrows to show other slam down ICLs and their recoveries.

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