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The Markets themselves have not changed a lot since yesterdays report, but the trading has remained very good, so I want to discuss a little of both. Also keep in mind that Wednesday is Oil inventory day, and I think that may clear up Oils intentions. Let's take a look...
Read MoreThanks to Rocky, I found something interesting to share with you this weekend. As one of our faster day traders, Rocky was enjoying some fast Pops higher in the individual stocks of the general market and said, " Hey CF, are you sure about this market dropping? It just won't stop." Well, My immediate answer was that we were due for a dip and that it isn't really rocketing higher like some stocks, it has been sideways for a few days. That said, I decided to dig deeper, look closer, and I may have stumbled onto something - Thanks Rocky!
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So I have posted this and the rising wedge and this was in the Thursday & Friday reports. Also 'timing wise' we would be late in the first daily cycle. I said that this needs to break out higher or it will break down, but...
Take a look at this as food for thought...
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