November 7th – Elections, an FOMC Meeting, and More Chop

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It has been difficult trading or investing for the Buy & Hold group.  October was a drop into our ICL , and it was a deep one.  Since then, we have seen a lot of choppiness heading into the U.S. Elections.  Markets do hate uncertainty.  Now that that will be behind us, we still have an FOMC Mtg scheduled for Wednesday & Thursday of this week, so unless we get a strong reaction higher when the results of the elections are released, maybe we should just expect a bit more choppiness .   Let's review our market sectors...

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SPX  - After an A-B-C type sell off , this looks like an ICL is in place and we are on day 6.  Resistance is right above, so the elections results could push price through.  Markets do not do well in uncertain times, so the post election results could help the markets.

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November 6th – What’s Up?

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I'll tell you what's up...

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November 3rd – The Weekend Fire Sale

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When you take a look at the weekend reports charts, you will see that we have been buying in areas  that went on sale recently.  To The Charts!!...

 

SPX WEEKLY -  We have our weekly reversal in the General markets.

 

Let's discuss this further...

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