You are here: Home1 / Exclusive Strategies
On this holiday week of trading in the U.S., the markets often have a bullish bias, as traders leave early and travel to be with family. At this point, the Markets do seem to just be continuing higher...
SPX - I would say that this is day 4 of the new daily cycle. Do not stand in the way of this 
. Each consolidation leads to another leg higher. It remains a 'buy the dips' market.
Read MoreIn the U.S., Thursday is a Holiday and the markets will be closed, followed by a 1/2 day of trading on Friday. Usually many are traveling to be with family on Wednesday afternoon, so the markets volume & trading lightens up on Wednesday. That said, it is a bit hard to know exactly what to expect going forward, especially after Tuesdays trading. For now, lets take a look at Mondays trading, and review a couple of the 'Changes' that we discussed in the weekend report.
Read MoreIt comes as no surprise that markets can evolve and change over time, so when a change appears, it is best to listen. It may or may not amount to anything in the long run, but we take note of any changes anyway. That said, I have seen 'changes' in the markets this week in a couple of areas, so we will listen, discuss, and prepare. As I mentioned, they may not amount to anything permanent, but we still need to listen and prepare, so let's discuss some changes in the weekend report.
SPX - No change here, but I wanted to point out that in the past, the SPX did visit the 50sma a couple of times before moving higher. These were areas of ICLs that did not sell off as deeply as the ones in the past (see JULY & NOV 2016). So, will the markets just continue higher, or are we coming due for one soon?...
Read More
Scroll to top
