Oct 26 – Lines In The Sand

/158 Comments/in /by

At this point in time, we should discuss lines in the sand for protective purposes. First, a quick market review.

.

SPX -  No Change at this point.  I see a failed daily cycle and weakness so far.

spx-10-26

Lets take a look at the USD ...

Read More

So That’s How The Internet Works

/138 Comments/in /by

This report is all about How the internet works, and Gold, Silver and Miners.

.

This is how the internet works...

GDX - This was from my weekend report, and I showed how the 10sma could be tagged by GDX and the drop would back test the trend line.  Totally normal, so we were ready.

.

gdx-wkend-reportGDX MONDAY -  When it actually  happened, this was exactly what  we knew should happen.   Well, the  internet lit up with Bearish chatter.  I was hearing that Gold was about to get crushed, Miners were 'crashing' , and the USD was rallying!  T-H-A-T is how the internet works now, fear breeds fear.  Is this soooooo bad?

gdx-10-24-3-14-pm

Well  lets discuss Tuesday and see ...

Read More

Mixed Monday

/149 Comments/in /by

So far I think that the action in the markets today basically matched my weekend report, but they were received with mixed fanfare. Lets take a look and review expectations.

.

I was looking at SPX like this, trapped under the 50sma and 10sma. 

spx-10-18

Today the Markets gapped open higher and the NASDAQ was up near the 2016 highs. Lets take a look.

Read More