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If you have clocks that are not automatically calibrated ( Cell Phones and Computer clocks are, microwave oven clocks and wrist watches may not for example), You want to turn your clocks ahead 1 hour this morning 🙂
SPX - The expectation on a possible a-b + c-d extension is shown in green. The pull back into a dcl and further upward gains is a possible cup & handle, but this is just one idea going forward.
This would follow what we have already seen with SOX & NASDAQ
Read MoreFriday, the final day of trading before the weekend.
SPX - So far the SPX has not been able to push above the 50sma yet. A day 11 peak would not be a good sign for the General Markets, but I do think that this should be able to get above day 11, because...
Read MoreThe markets have been choppy lately, and early February was really a bit stormy, but after the market storms clear away, opportunities often present themselves in the manner of trade set ups. We have been taking advantage of many of those lately.
I guess that we can't really call yesterdays Gap down a storm of its own. Yesterday I pointed out that this is where the markets were set to open ( Purple square). Would they continue to sell off, or would they be bought back up?
SPX - You can see that the gap open did not sell off further, but steadily climbed through out the day. Adding in this area with a stop below March lows is reasonable. The SPX looks to be crawling under the 50sma, and this is common, but ...
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