Thursday Jan 4th

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SPX #1 -  There are a few reasons that I do not believe that we just saw a DCL 2 days ago.  That means that I think we are on day 32, and we should still dip into a low soon.  I pointed out the area of the green arrow yesterday as an example.

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JAN 3rd – Floating Markets!

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 In that Theme picture, we see what is known by some as a floating market. Well, I think that many of us are seeing our own version of a floating market too.  Let's discuss out stocks market action in a few sectors of interest, as well as some individual Miners and Stocks.

 

SPX - The first day of trading in 2018 was a move higher on day 31. That MIGHT have been a dcl, but I am thinking that it was a continuation move similar to what I am pointing out in October with the blue arrow. If you are long, it doesn't matter, your trailing stop is still keeping you invested.

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Weekend Report – So Many Beautiful Bulls

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DJIA - We have discussed the parabolic nature of the general markets climb, and you can see that this continues. Riding UDOW or UPRO with a trailing stop would now have kept you in the trade for a long time.  Dips are quite shallow on a weekly basis.

 

I would keep this in mind going into January 2018 however ...

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