January 28th – The Weekend Report

/143 Comments/in /by

 We rode out some choppiness this week, so the weekend report can act as that  'beacon in the storm' that guides us along.  Let's review our Markets...

 .
 

SPX WEEKLY #1 - As expected, the General Markets are accelerating and this weekly chart shows the last 4 weeks as strong green weeks. A trailing stop has been very effective for those riding this 'long'.

  Read More

Thursday Jan 25

/172 Comments/in /by
 

SPX - The General Markets continue higher, and the pull backs have hardly been below the 10sma.  This is a doji candle and usually leads to a reversal top, we are due for a deeper drop, but as I have been saying for weeks and months now -   just use a trailing stop and you can stay long in this type of bull run  ( Some are in UPRO, UDOW, etc).

Read More