The Force Awakens

And as predicted, it is a force to be invested in  🙂

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WTIC - Many doubted that Oil could come back so quickly, some on CNBC were saying that it would not make it past $44.  With an ICL in place, there is no doubt that this chart shows us....The Force Awakened. 

wtic 8-18

We have been investing in Oil/Energy since I pointed out some nice set ups over 2 weeks ago. Some of these gains are already satisfying. Is this it? Will Oil only double top like I hear some saying? I will discuss the potential briefly here and in the weekend report.

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Thursday August 18

Today the Fed Minutes were released. Could you tell?

FED MIN

The SPX sold off and then recovered the 10sma.

SPX 8-17   Read More

Just A Minute

Fed Minutes are released today. We have seen a few sideways moves in various sectors, maybe this will be a catalyst for a directional move.

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SPX - If you re not long or short, don't jump the gun. After a long consolidation, the move can be prolonged, and I have actually been expecting a dip into a dcl. I dont think that the early Aug dip on day 25 was enough.

  SPX 8-16   Read More