JAN 3rd – Floating Markets!

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 In that Theme picture, we see what is known by some as a floating market. Well, I think that many of us are seeing our own version of a floating market too.  Let's discuss out stocks market action in a few sectors of interest, as well as some individual Miners and Stocks.

 

SPX - The first day of trading in 2018 was a move higher on day 31. That MIGHT have been a dcl, but I am thinking that it was a continuation move similar to what I am pointing out in October with the blue arrow. If you are long, it doesn't matter, your trailing stop is still keeping you invested.

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Weekend Report – So Many Beautiful Bulls

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DJIA - We have discussed the parabolic nature of the general markets climb, and you can see that this continues. Riding UDOW or UPRO with a trailing stop would now have kept you in the trade for a long time.  Dips are quite shallow on a weekly basis.

 

I would keep this in mind going into January 2018 however ...

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Friday 12-29- 2017

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Well, this is the last trading day of the week, before another long holiday weekend.  We will be entering 2018 next week  (Can you believe that?)!  It might be a good time to decide what you want to hold over the long weekend,  or maybe what you currently are invested in is just fine.  Let's take a look at our Final Trading day of 2017.

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