May 8th Trading

NASDAQ –  The NASDAQ broke above the 50sma and has broken the down trend for now, this is short term bullish action …

May 5th Weekend Report

Usually for the weekend report, I like to take a step back and see the Big Picture, but for this weeks report we will have several daily charts too.  This will help us to focus on what to expect in the short term as well as keeping the longer term Big Picture in view.  

Friday May 4th

  SPX  – We saw a reversal midday and I posted this daily chart in the comments / chat  section at 1 p.m.   Let’s discuss this further …