October 10th – Nothing New Here

We really didn’t see a lot of changes take place that were not expected on Tuesday.  As the markets pull back, things do get choppy and sloppy.  At this point,  let’s  do a market review and then discuss a few possible trade ideas… .

What A Nice Surprise

. What was surprising about Monday?  It was this- Gold dropped over $17 and the Miners fought their way back to green…   GDX:GLD –  I discussed the bullishness when Miners lead Gold,  so this is how Golds drop & Miners POP affected the GDX:GLD ratio. Bullish.    

Oct 6th – Weekend Market Review

    SPX WEEKLY #1 – I have been expecting a dip into a DCL, and likely an ICL. Last week saw the SPX drop how deep will it be?  Please read  chart #1… And now Chart #2