Yesterday it seemed like anything China was the place to be. Many Chinese stocks started to really POP, but does that mean we should jump on board and be buyers at this point?   Lets look at a few charts ...

FXI- I am looking for a reversal or another gap higher  (3 gap play?)


Other Chinese ETFs look similar,  this is  CHII -

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More Of The Same

The markets are moving much like I have been mentioning over the past few weeks.  Things in OIL have played out as expected , and I believe they will continue to do so.  I am seeing some interesting things happening in GOLD & MINERS, I will discus that a bit here, but the weekend report may be quite revealing , since we will see a few more days of trading playing out.  Lets just get to the charts...

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I was not so surprised to see the Energy sector doing so well yesterday.  We've been expecting that next break higher for a while. I will say that I was surprised to see how quickly the markets shook off that jobs report , however. I mentioned in my weekend report that there were many nice stock set ups, so it was puzzling that the markets looked ready to break down.  Well, just like that hypnotic dance forward in a conga line,  the buy the dips crowd didnt want to skip a beat...


NAZ from my wkend report. I thought a gap down could break this wedge

NAZ wkly

Yesterday we saw a gap down and then the reversal higher, but I still want to point out this important point ...

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