Dec 7 – GIDDYUP?

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Today after  review of the General Markets, $USD, and Oil, we will discuss the slow motion giddyup that we are seeing in the  Precious Metals market. 

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SPX - November 29th  I was expecting a small dip in the SPX, and I pointed out this possibility. It showed a drop t about the 13 sma.

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SPX - That dip came and it may be over already. Now if someone was 'long' they can watch and see how this unfolds.  In the spring time the markets ran straight up. bouncing off of that 13 sma for a while.  When moving out of the July lows, the SPX ran higher and then went sideways for months.

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Looking For A Little More Traction

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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

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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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