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The release of the FOMC Minutes really didn't seem to have any meaningful or lasting reaction in the markets. It may have added a little knee jerk reaction or volatility, but overall there was no big directional change. Let's take a look at our markets, and again, there really are no major changes from yesterdays report to discuss, but we'll still review what we have...
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SPX - I have been looking for a steep drop and an ICL. We have that steep drop and a reversal after the 200sma was taken out, so this could be a shake out. It is a swing low, and yesterday I said that this could be bought ( TQQQ or UPRO, etc) however...
Read MoreNote: FED MINUTES are released at 2 p.m. Wednesday.
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The General Markets stopped sliding, yet 1 day before medical & recreational marijuana is to be legalized in Canada - Pot stocks decide to slide. Is it going to be the typical "Buy the rumor, Sell the news? " in that sector? Is the rally over? We'll take a look at that too. Lets take a look at the market action...
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NASDAQ - This ICL drop was steep and broke the RSI below 30, unlike the Feb & March drop. This reversal could be bought at a low risk low, but ...
Read MoreThe weekend report covered the Big Picture, so today will cover some of Mondays action and what we can expect from there...
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