Friday the 13th- A Simple Warning

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There are times when we need to take note of a few cautionary signs within the markets that we are trading in. Let's take a look at a few of those signs that are popping up now.

 

I posted this chart of the vix as a warning sign. This is a 5 year chart and we are in an area where temporary market tops have taken place or years, so we want to be mindful of that. In the next few weeks, the markets could experience increased market volatility and toppy action.

So with that in mind...

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1-12-2017 Reach For The Stars

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We are back in a Traders Paradise, as many of our stock picks are lifting off  and some  are just plain old blasting off. Let's do a market review and look at a few more bullish set ups.

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SPX - Wednesdays reversal looks bullish, and after this long consolidation, we may have a mini inverse H&S followed by a break out higher. The HUGE fly in the ointment is that we have the VIX near 11.

What does the VIX at 11.30 mean? I'll show you ...

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JANUARY 11 – COPY / PASTE

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As I was gathering charts for the report, I realized that many of the charts for Tuesday looked just like Mondays.  That means there really isn't a whole lot new to say in some sectors, so let's do our review and then discuss some stock picks.

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From Monday - no Dow 20,000

No big change - Copy / Past

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