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Wednesday was another day where buying pushed price higher on many of the set ups that we have been discussing, but it was a very nice day for both Gold & Oil. Lets review the markets and discuss the days action...
SPY - The markets rallied but then sold off as the day went on. I posted this chart in our chat area simply to show that it was nothing to worry about.
Read MoreIt was strange, but yesterday it seemed like every sector had stocks that were climbing. Tech was green, Some Miners went green, Energy was very green, Uranium stocks are bullish, and so on. Let's jut take a look at the markets and discuss this as we go ...
SPX - Our day 34 low has held and we moved above the 10sma and the trend line. This looks to be day 6 of a new daily cycle. I'd expect a run to the 50sma, and then resistance might temporarily stall it, similar to Feb.0
Read MoreThe markets rallied Monday and sold off into the end of the day. As I write this report on Monday night, the futures are pushing higher again. Let's take a look at where that left things and what we can expect going forward...
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