Feb 17th – Choices

There are times when I feel like I can't even find a solid trade set up, and then there are other times when I feel like there are plenty to choose from.  Right now, I feel like I'm seeing a lot of trade set ups. This Friday edition is going to feature some trade set ups after a quick review of the USD, NATGAS, and Precious Metals.

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Feb 16 – Building Bridges

Sometimes building bridges by means of consolidation pave the way to higher ground.  I will discuss that later in the report, after a quick market review.

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SPX - Again, this is like a melt up phase, and if I were long I would use trailing stops and let it ride. That long bridge of consolidation has built up some energy.

This was eye opening...

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Feb 14th – Yellen Is Done Testifying

Tuesday had Janet Yellen speaking before congress, and the USD and Gold both actually acted as expected. That's a relief. Let's review the markets and then of course we have to discuss the day that Nak got Whacked. What can we expect next after that big reversal?

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SPX - The markets are on their way higher after a long consolidation. That consolidation gives energy to the move and even though the vix is low, I would just use a trailing stop and follow this higher.  It is turning into a nice steady move higher at this point, and these can just melt upward.

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