Dec 1- Buy Day Friday

Friday is the last trading day of the week, so let's just look at a couple of the important things and some possible buy opportunities.

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Nov 30 – ‘All Together Now’ – Or Not?

Well, the markets decided not to run together again, so let's take a look at the recent changes.

   

SPX -  The SPX stalled and had a heavy volume doji candle stick. This is often a top or point of indecision...

I want to remind readers of something that I wrote the other day...

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Nov 28- Just The Facts

Sometimes the markets are a bit hazy, and they need to be explained or clarified, but then at other times you can look at the Charts and it just looks like the facts speak for themselves.  At this point, things seem pretty straight forward, so I am going to try to keep the chit chat minimal, and let the charts do the talking.  Just The Facts please...

 

  Bitcoin started tacking on 'hundreds' overnight, surpassing the initial target that I had mentioned, and reaching toward the extended targets that I had.  I do believe that this is a parabolic move and it will eventually fall just as rapidly. This chart seems to show that we had that type of fall intraday, if it is an accurate chart.

 

SPX - In the last report I mentioned stay long if you are long, but it may be best to start tightening up trailing stops ( Due to BKX , TRAN, and divergences) and we'd have to see how this plays out.   Boom, the long play continues on day 8.  Just the facts.

TNA 3X Small Caps - I expected a gap fill and a tag of the 10sma anyway, but it just took off higher. I'd keep a stop under the 50sma & raise it as price rises.

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