Friday November 16th

Just a reminder : Today is the last trading day of the week, and next week will be a holiday shortened trading week in the U.S., so let's see where the markets stand and enjoy our Friday of trading!

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Note:  we'll see how 'earnings' affect the markets going forward, but NVDA released earnings after the bell, and got crushed, down over  $33 or 16%.   We will discuss that with the NASDAQ too.

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SPX -  Wednesday we had a gap fill and a bounce into the close.  We need a bigger sign of strength than that, so we'd see if Thursdays trading could show some strength...

SPX - Markets sold off to a new low on Thursday morning,  and then put in a nice reversal.  It overtook more than 1/2 of the prior days candle, so you could add to positions on a day like that, with a tight stop at the lows.   Our inverse H&S remains in tact, let's see if this can power higher.

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November 14th – Saving Grace?

Let's take a look at the Markets, and I will discuss the Theme Picture later in the report. Consider the last part of this report as  important, and please read it carefully.

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DJIA - We have a gap fill.  Now let's see if these markets can get moving to the upside. I have discussed my thoughts on the General Markets in recent reports.

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Wednesday – Oil Did What?

It certainly looks as though Oil has entered the capitulation phase of a sell off into an ICL, and a low is very near.  I want to discuss that as a future buy opportunity in this report, but first we'll do a market review.   Just to reiterate:  In just about every sector, Trading remains very choppy.  That can be a bit  frustrating or even a bit damaging if position size isn't kept small, stops aren't honored, etc.  The sidelines are not a bad place to be until the dust settles a bit.

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SPX - Rejected at the 50 sma on a bounce, so far this peaked on day 7.  We now have a possible inverse H&S, but the open gap below could draw price in for a gap fill.

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