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Using the April 8th (Fridays Chart), we see the markets consolidating sideways. This usually prepares it for a directional move , up or down. In this case, it can also take that bearish wedge and allow it to become a channel.
The Markets continued that sideways move on Monday...
Read MoreThe environment for trading in 2016 has been excellent for traders and investors that knew where to look. If you have been a subscriber since January, then you have seen so many trade ideas blossom and grow. We have been finding various sectors that had bullish set ups that many were actually afraid to trade in. Coming out of their lows, the potential has been tremendous if you know what to look for.
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For example, just look at this one stock.
MUX - Whether you traded it, or bought and held when it was recommended, it is up over 100% from its lows.
Lets look at a number of current trade set ups with conditions that favor the upside...
Read MoreThis weekend report will be slightly different from past weekend reports. I usually like to cover "Everything" in my weekend reports. I want this report to focus more on what I think could be important at this moment, and less on everything else. We will discuss the meaning of the Starting Gun too, but if you've been here for a while, I would imagine that you know exactly what I am talking about.
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SPX - Less important right now to my current trading. See Fridays report for thoughts on the SPX.
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