Anything Else?

Well, the past several weeks have been excellent for trading , and we have seriously had reasons to celebrate, catching the lows in various sectors. All good things come to an end, so is it that time yet? Can we keep the celebration going?  lets review!

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SPX ( or SPY) - A few weeks ago I was calling for a rally to get the bulls excited. Those who wanted to play it long should now be a bit more cautious short term. We have reached the spy gap, using a wedge to transport us there. The 200sma is there on the spx too 😉

SPY 3-4

Lets look at  another indication that the SPX is at least short term topping, and we'll then look at a longer term weekly SPX chart.

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Lets Wrap This Week Up

Another great week of trading!   Lets wrap this week up...

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SPX -  Will Friday s Job report end the recent rally? We are approaching resistance.

SPX 3-3 Read More

March 3 Trade Ideas

Trading has been amazing, and there are still some set ups that we can examine.  Lets get to it...

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WTIC - Starting with OIL, this looks set up to pop.    I pointed out  a possible bottom in oil a couple of weeks ago , and I mentioned that when Oil broke to new lows, some Oil  stocks like WTI had higher lows and held up nicely.

WTIC 3-2

Now look at this ...

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