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There are times when different markets may look ripe for the taking, but we don't want to fall asleep to the possible warning signs in some market sectors. Lets review the weeks activities...
SPX #1 - The drop on the weekly chart isnt drastic, we've seen similar drop before. If it just continues up from here, we could be witnessing the beginnings of a parabolic type move.
SPX #2 - We do see a trend line break, so the drop can continue lower.
And SPX # 3 ...
Read MoreLOADING * LOADING * LOADING... As we watch various markets lining up or setting up for the next trade, it often reminds me of that dreaded "LOADING" symbol that shows up when you are using a slow internet connection. It seems like it takes forever to 'get connected' to the internet. With trading it can also seem like it takes forever to get things lined up for a low risk trade set up, but patience has its rewards. As the saying goes, "Good things ( including good set ups) come to those that wait."
For our Friday report, we will review how some set ups are playing out well, and others may be setting up now.
Read MoreEach day adds another piece to the big picture, and things seem to be lining up. Let's take a look.
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