AUG 12 – Navigating Choppy Waters

I wanted to share a thought on  Gold, Miners, and Oil

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WTIC  -  Oil remained bullish with the bullish follow through on Day 6.  There may be resistance at the 50sma, but so far this looks good.

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Thursday August 11

We were expecting the start of a pull back, so I posted this NASDAQ chart along with the Vix and a few other charts

NAZ 8-9

Now lets look at the latest developments...

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Scoop Them Up?

Along with our market review, I want to discuss some of the selling we saw in Oil and Energy stocks Tuesday. What are we looking for in the pull back that we see?  Should we be scooping them up, or not? Lets review our markets...

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