Under Various Circumstances

What happens if I am conditioned to see an egg sink in water, and then I see one float?  I think that I would want to try to understand what the difference is.  What has caused this change.  Sometimes in the markets we also get accustomed to seeing something occur, but when the opposite happens, I like to try to understand what has changed. We'll discuss this later in this report, for now...

The SPX has broken to new highs! If this pattern plays out, it has room to run.

SPX 5-19  

Look at this next chart below ,  and compare it with the SPX.  I posted this April 29 and you saw what happened

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Running With The Bulls?

The  DJIA, SPX and NASDAQ have basically been in a sideways move through most of 2015, as seen in the chart below.  Despite the sideways action, there have been many Bullish set ups and even Bullish action in some of the beaten down sectors . The good news is that it doesn't look like it is about to end now. Lets look at some charts and discuss this further...

DJIA-  Jan -May was rather sideways


We have discussed sideways consolidations in the past and how they can lead to some nice trending moves when they finally break free...

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If you're a premium reader here, then you know what we've been getting a little excited about, even wondering out loud if it's possible that ...???  Well,  We'll get to that in a minute,  first lets discuss a few other charts   : )

SPX - When this consolidation breaks, the move should last for a while

SPX 5-13  

The NASDAQ looks a little different...

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