June 15 – Relax, It’s A Fed Wednesday

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This was my thinking from yesterdays report...

    SPX from 6-13

This is how Tuesday ended. We lost and regained the 50sma and today is Fed Wednesday. Will the 50sma hold or will this drop to the 200sma? Lets look at 2 more things.

SPX 6-14 Read More

Pre-Fed Syndrome Again

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Monday we saw a little more selling in the general markets as we approach the Fed meeting Wednesday. I have been bullish for a possible break out to new highs,  but recent action is less bullish and it may be that we wont know for sure until after Fed Wednesday. Tuesday may also be a little bit boring ahead of the Fed.

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The SPX -  This looks a bit better than the DOW, NASDAQ, And BKX at a glance, but notice that it looks to be dipping into a daily cycle low. MAYBE the Fed Wed decision will hold it at the 50sma and set a new trend line, but right now, this warrants caution.

SPX 3-16

The NASDAQ  is a tad weaker

NAZ 6-13 Read More

June 11th Weekend Report

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After we review the general markets, Oil, the CRB, etc, this weekend report will focus mainly on Gold, Silver, and Miners. To the charts...

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SPX - This is a Fed Week, so I am watching the markets very closely at this critical area. This is rather early in the daily cycle, and if this is "the Peak', it will likely be left translated. We saw a slight break to new highs and then it gave them up. On day 15, I'll we watching this closely going into the Fed mtg.

SPX 6-10

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