Wash Day

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The Bullish love for Miners over the past few months took a bit of a drubbing Wednesday.  We didn't see the sellers using the gentle cycle to try to wash away the sentiment, it seems that they may have pulled out that wash board and vigorously scrubbed away at it. Many seemed to be heading for the exits.  We'll discuss this further, but first...

The General markets sold down a bit, but we are still within the same consolidation that I've been pointing to for weeks. Any further selling should seek out the dcl that we have been expecting now.

SPX -

SPX 8-24 . Read More

Have You Been Shopping?

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Tuesdays markets sparked my interest in a few ways. Let's get to the charts...

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SPX - We've certainly seen this before. Frustrating the longs and the shorts, the sideways move continues.

SPX 8-23 Read More

This Road Won’t Beat You

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As mentioned in a few prior reports, we are riding through a consolidation zone in some sectors, and now Oil and Energy are experiencing a slight pull back. In Bull Markets, these are healthy events and over time we eventually see higher lows and higher highs.   Understandably,  these periods where gains are given and then taken back get frustrating for some, especially if they last for long periods of time.  With that, I wanted to re-post this recent report from Aug 12th to help us to maintain an unemotional perspective. Please read the article with the link below again, or just skim through it if you have time.

. CHOPPY WATERS .

SPX - The set up is bullish, but I am expecting a cycle dip into a dcl, so I am viewing it this way for now. There is a possibility that these markets just remain supported and head upward into a runaway type move. The dips are very muted.

SPX 8-22 Read More