Looking For A Little More Traction

In recent reports I've been pointing out various Miners that have been setting up in bullish manner.  On Monday we watched Gold fall to new lows again, but then Gold flipped higher and put in a nice reversal. Maybe now we will see the precious Metals sector gain a little traction? Let's take a look at the markets, and then we'll review some more bullish looking Miners.

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SPX - The dip that we saw may have finished its course at the 13 sma. We did see that in past moves out of the ICL.

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Weekend report – See No Evil

This week has been another active week in the markets, lets see if all is good, shall we?

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SPX DEC 1st - Expecting a dip to a 1/2 cycle low, this bearish rising wedge was pointed out and is now playing out. Could it drop to 2160?

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SPX WKLY -  I think that it could.

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Here is something to keep an eye on that looks a tad more bearish than the S&P ...

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GOOD NEWS – BAD NEWS

I have what I would consider to be some good news! The only problem is, the good news may also be a little bad news.

Let's take a look...

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