Weekend Report – Things Are Still Lining Up Nicely

The various Market sectors acted as expected this week, so let's take a look and see how things continue to line up in a way that we can profit from.

 

SPX -  The General Markets put in another high DCL, and we've discussed how the pull backs are more shallow lately and what that implies.  This would only be day 7 of a new daily cycle. That dip was sharp , but shallow, so 'longs' may not have even been stopped out with a trailing stop.  If one was stopped out, this sideways stall has allowed many to re-enter long positions.

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November 3rd – PULLBACKS

It's Friday, there is only one trading day left in the week, so I want to cover a couple of questions that I get from time to time in todays report.   I will do a short review of a few things first,  and then I will just cover everything else in greater detail in the weekend report.  For now, this report contains a brief review, a couple of trade ideas at the end,  and a lesson or two in the middle.

   

SPX - No change here from our expectations. This looks like day 6 of a new daily cycle.

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Nov 2nd – CONUNDRUM

Every now and then the Markets give us a bit of a conundrum, and it takes a little extra time and meditation to get to the bottom of things. After the Fed Decision was released and I began to review the charts, I ran into that very situation.  Lets discuss the markets and I will show you what I mean...

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DJIA - This is not the conundrum. We got a Gap open in the morning and then the markets sold off a bit into the close post fed.  Nothing has changed here yet, this looks like day 5 of a new daily cycle.

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