Friday April 28th

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Good question, Danny! That is what we will be discussing in the weekend report.

 

WTIC - Yesterday Oil broke the 200sma and recovered it , putting in a reversal candle.

I have a few thoughts about this...

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Thursday April 27

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Last week I mentioned that the sideways choppy market action and sell offs that we were experiencing would eventually lead to bullish trade set ups. At this time, it seems that we are starting to see some of those good looking trade set ups. Along with the set ups we are also seeing some follow through on the trades that some of us have already been in. Let's review some of Wednesdays action...

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April 28th – A Matter Of Time

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Next Wednesday we have the FOMC meeting. These have affected various sectors of the market in the recent past, so it may just be a matter of time before we see a change take place.

 

SPX - Consolidations build up steam and can make for a lasting run. These markets could run higher into the Fed Meeting next week.

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