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Looking at SPX, DJIA, and the NASDAQ at the end of the week, and we basically see the uptrend remains on track. Using a trailing stop has kept the 'longs' in the trade. Some are riding UPRO, UDOW, TQQQ.
I wanted to point out the VIX again, however...
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Alex - Chart Freak2018-01-07 05:28:562018-01-08 11:53:45January 6th – Weekend UpdateHow timely was my article at the end of yesterdays morning report, discussing how sharply the Medical Marijuana stocks can sell off ? Holding those felt a lot like that ride in the opening Theme picture, but I am going to have a part 2 in todays report and discuss future buying opportunities in some of these companies again too.
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Alex - Chart Freak2018-01-05 12:14:382018-01-05 12:14:38Oh, THAT’S What That Feels Like!
SPX #1 - There are a few reasons that I do not believe that we just saw a DCL 2 days ago. That means that I think we are on day 32, and we should still dip into a low soon. I pointed out the area of the green arrow yesterday as an example.
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Alex - Chart Freak2018-01-04 12:37:262018-01-04 12:41:28Thursday Jan 4th
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