Week ending Jan 9 Review

I like to look back at the end of each week and just see if the charts are telling us anything new. Are they confirming what we  expected ? Are there new implications?  Is there something there can boosts our confidence moving forward?  This week , I see all of the above . Lets review .

Lets take a look at the $USD for a moment- practically straight up


Ooops, wrong image, but they look the same. Here is the correct chart of the $USD

$USD JAN 9  

Is it really going to pause? Well, lets look at a few other charts ...

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Weeks ago I mentioned that sometimes when the markets are breaking to new highs on weakness, it  can cause volatility and lack of direction. Do you feel that we are seeing that now?  This chart from DEC 23 showed what I was referring to as we broke to new highs with weakness. I was afraid that we might be heading there again.

SPX dec 23

Its can be hard to  make good Money when the volatility has markets ( say the Dow for example ) moving up & down 100's of points daily.  Down 300 , up 200, down 300, up 320, down 250,  etc etc etc .   Yesterday the Markets re-gained the 50sma and today they are giving it up again.   Volume is  a tad heavyish so far today and I am again watching  the close to see if we get an idea what to expect going forward...

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JAN 8 Follow up / Quick Turns

Well I was hoping I could use this picture again ,  what a Fast moving beauty!    : )     Actually , speaking of fast moves ,  this is an update to this mornings post.  As we watch things unfold here , and I mentioned what I was looking for, I hope you are seeing what I am seeing.

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