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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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Alex - Chart Freak2017-01-06 13:17:282017-01-06 13:21:48Don’t Get Too CuteTodays 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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Alex - Chart Freak2017-01-05 13:02:022017-01-05 13:38:12Ready To RunThere are areas of the markets that are looking quite inviting, so lets review the first day of trading in 2017 and see what we can find.
SPX - From the weekend report, I expected a bit more of a drop.
SPX - Good volume on the reversal, this could continue higher.
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Alex - Chart Freak2017-01-04 12:26:072017-01-04 12:26:07Looks Inviting
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