One Little Victory

Another little victory for the precious Metals Sector. I like to enjoy them while I can, since I know how fast these markets can change. We actually saw Gold move higher after the release of the fed minutes yesterday, and that was a small victory.   A short term top may be close, so we'll discuss what that may mean. 

First , lets review these volatile markets.

SPX- The markets may finally be rolling over. 

SPX 8-19

We've been discussing this for weeks and I have mentioned that topping is a process, but notice these additional signs.

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Beat The Clock

Today at 2 P.M. Eastern time, we get the release of the Fed Minutes. Today could amount to a lot of  "Hurry up and do nothing!"  until then. Lets review and see where the markets currently stand.


SPX- yesterday I showed this break out, it looked bullish short term, but I noted that it looked weak internally

SOX 8-17

SPX - Price dropped back inside yesterday

SPX 8-18

How did the other markets fair?

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Wanted to mention before the close...

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