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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.
Read MoreFridays 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...
Read MoreTodays report is simply to discuss stocks that look ready to run. Tuesday, while looking at the S&P 500, we saw a reversal. We also saw a reversal in many of the stocks that I had been eyeing, so let's take a look at the the markets and some of those stocks.
This was from yesterdays report. It was bullish overall, because we were locking in a right translated daily cycle, but I was also expecting a dip into the daily cycle low. In the weekend report, I pointed out the 50sma as a possible target for that drop.
SPX - On Wednesday we saw follow through on the reversal. I do not know for sure if that was the dcl, but these markets look set to go higher.
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