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Honestly, not much is changing from the weekend reports expectations and the Tuesday update. The General markets are moving higher, The USD has put in an ICL, Oil dropped but Oil & Energy stocks are holding rather well, etc. etc., so today I am just going to cover a variety of ideas, including trade set ups and a trading idea that is a bit higher risk ... a real Mixed bag. Enjoy.
Read MoreIn the weekend reports, I like to visit the BIG PICTURE look of various sectors and see if things remain on track with our expectations. Since my day to day reports cover the daily market action and fluctuation, let's take a look at the Big Picture, shall we?
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SPX - I mentioned in many past reports going back to last spring that if the markets begin to enter a more parabolic move, we will not be able to see the ICLS, based on past parabolic moves.
The highly visible ICLs come from deeper sell offs, but with the recent bullishness and 'buy the dips' that we've seen in the markets, we no longer see the ICLS clearly. The small dip / consolidations that you see above my question marks ( when considered timing -wise ) would represent where the ICLs should be. A Steeper ramp up and less sell offs is a bull run. The big picture simply remains very bullish, until we see a change in character.
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