No Big Changes yet

No big changes took place since the weekend report, but we do have quite a few charts to look at, so let's dig right in...

 

SPX - The markets continued higher...

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January 6th – Weekend Update

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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Oh, THAT’S What That Feels Like!

How 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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