Jan 25th – Even More Hope Ahead?
After avoiding the stormy waters of the sell off in October through December, we had the hope of a nice rally out of the ICL , and some good trading opportunities presented themselves. I have mentioned the importance of watching how the first daily cycle unfolds, and especially the 2nd daily cycle. Well, we have […]
Jan 24th – Swim At Your Own Risk
When a Red Flag shows up on the beach, it means that for some reason, it is unsafe to swim in those waters. Well, after 3 nice weeks of gains in the Oil & Energy sector, I am still seeing a Red Flag in those waters. As mentioned in yesterdays report, Oil itself still looks […]
Jan 23rd – Wednesday
SPX – Day 17 has us in the middle of a move out of an ICL, and it is overbought. The short term move gets difficult to predict from this point, since it could dip to a 1/2 cycle low and then continue higher, or it may just churn sideways along the 50sma […]
