May 18th 2019 Weekend Report

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For our Weekend Report,  we'll take a look at the changes that took place this week, and see how our Big Picture Views are shaping up.  I think that you that you are going to love this report, so please take your time with the precious metals Sector and enjoy...

   

SPX - The General Markets are due for a dcl, and this looks like day 4 even though it sold off Friday. I wanted to start with the DAILY Chart, because the weekly alone would look less like a DCL formed.

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Friday May 17th – Options Expiration

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Today is the last day of the trading week, and with the General Markets and Oil trying to bottom, and Precious Metals  ( Gold, Silver, and Miners) bouncing around at their recent lows,  it has been a Bumpy Ride.   Add to that Options Expiration, and I would say that the last day of the week won't be much better.  Let's just take a look at what we have...

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Thursday May 16th

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I am seeing signs that the General Markets are close if not already at their next lows, and as expected, I also believe that Oil has put in its lows. I want to discuss what this might mean going forward.

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