Tuesday May 1st
I have been expecting this to be an active week, so as we approach FED Wednesday, lets review how Monday traded… SPX – So far, the move out of the April lows has been weak and appears to be struggling at the 50sma. With the daily cycle count ticking away, this needs to break […]
4-28 Weekend Report
I have been covering the Big Picture in the weekend reports, and not a whole lot changed since the last weekend report really. That said, I will cover all of the market sectors that I usually do, and discuss the possibilities going forward. I expect this to me a week of increased activity (FOMC).
Fridays Assortment
SPX – We have a swing low at what looks to be a 1/2 cycle low on day 18. The follow through will tell us the strength of the daily cycle. The 200sma acted as support, and volume increased off of the low. I willbe watching for a break of the down trend line […]
