Wednesday March 13th – Fast Trades

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Some of the trade set ups  that we have been reviewing are resolving quickly to the upside, so it may require pouncing on the set up before it breaks out, and it also may involve jumping off of the trade or cashing in, before it pulls back.  Well,  that is if you are in it as a short term trade.   Some can be held for longer periods of time and allow them to play out. We will discuss that at the end of the report.  Let's review the markets.

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SPX -  The SPX closed above the 10sma again, but it is also back in that resistance area.   It got choppy here at the end of February, and that may happen again if it can't break through resistance. The MACD is not breaking as strongly as price- usually indicates short term choppy. 

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Tuesday March 12th

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March 9th – Big Picture Formations

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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...

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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.

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