March 9th – Big Picture Formations

/in /by

This is a long weekend report, but I want to discuss a few reminders pertaining to The Precious Metals sector, so lets dig right in...

.  

SPX WEEKLY - I was expecting a drop in the general Markets, so I went short.  The Jobs report was a HUGE miss, but the selling actually started before that report was released.  As you can see, we got a big 1 week drop. Prior drops like that usually were not isolated '1 week wonders', so we may get some follow through selling to the 10 weekly MA.

  Read More

Friday March 8

/in /by

We have reached the last trading day of the week again.  Let's see how things have been playing out...

. Read More

March 7th – Market Thoughts

/in /by

I want to discuss a few things as we go through our Market Review today, so let's dig in...

.

These first 2 charts are from yesterdays report:

.

SPX – The SPX has broken down from the channel, the gap open seems to have back-tested it Monday, and  I still think that we are coming due for a dip, plus…

 

TRAN – The Transports have been leading the way and may  eventually drop to the 50sma.

Read More