May 31st – Waiting For The Fat Pitch
SPX TUESDAY – Break outs often ‘back test’ the break out, so I mentioned that this drop Tuesday was possibly just a back test. General Markets would be a BUY with a tight stop at this point. ( UPRO, TQQQ, ETC). SPX YESTERDAY – SPX broke back above the 10sma and that was likely […]
Wednesday May 30th
After my long weekend report, I was planning on just a quick cover of the markets and then discussing various Miners. That plan changed a bit when the market action also changed a little bit. I received a few emails discussing concern over Italy leaving the Eurozone, and problems with Greece, the Euro, etc., and […]
May 26th Weekend Report
SPX – We discussed the break out from the down trend / triangle as bullish 2 weeks ago, but we really need some upside to increase the big picture bullishness. An ICL in Feb formed and I’d like to see new highs within this intermediate cycle. This is currently a bullish set up, as discussed […]
