January 10th – Additional Thoughts

After our normal market review, I wanted to share some additional thoughts about the Uranium Sector, since it has also been perking up and showing signs of life after a bear market sell off. I don't want this to distract anyone from our current focus and trades, but my pointing out a few things here today allows the readers some time to do a little additional research of their own if they are interested. By the end of this report, you will see why I think this could be worth bringing up.

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DJIA -  No Dow 20,000 yet. This really doesn't seem to be a true magaphone topping pattern, but it is close. A flat top pattern would be bullish, so I'm watching for a break of either blue line.

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Weekend Report – Still On Track

Things are pretty much playing out as expected in the markets, and from what I am seeing in the precious metals sector, things are still on track there too. Let's take a closer look at what last weeks action brought us.

 

DJIA -  19999.63, are you kidding me?  🙂  A fraction away from DOW 20,000.  I feel that we likely just saw a dcl and I would expect a push to new highs soon, so DOW 20,000 should be accomplished in the near future.

There are, however, a couple of other things that I'm noticing in the general markets too.

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Don’t Get Too Cute

Fridays report is a preview of what I will be discussing in the weekend report. I want to explain why sometimes traders become victims of getting a little too cute.  Let's discuss this a little bit right now...

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