August 28 – Weekend Report

It was a week of activity capped off with some Jackson Hole volatility. Lets take a look...

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SPX - 2 months of sideways should produce a strong trending move. A dcl could shake traders out first.

SPX 8-27

SPX WKLY - The weekly shows that we are on week 8 out of the recent lows. The prior move did top on week 10 and dip for weeks before surging and making new highs on week 17, so these markets can be tricky, even when bullishly set up.

SPX WKLY 8-27 Read More

JACKSON HOLE

Welcome to Jackson Hole Friday, please make yourself comfortable, we may experience some volatility.  🙂

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DJIA - I still think that we should get some downside, as we are expecting a dcl.

DJIA 8-25 Read More

Wash Day

The Bullish love for Miners over the past few months took a bit of a drubbing Wednesday.  We didn't see the sellers using the gentle cycle to try to wash away the sentiment, it seems that they may have pulled out that wash board and vigorously scrubbed away at it. Many seemed to be heading for the exits.  We'll discuss this further, but first...

The General markets sold down a bit, but we are still within the same consolidation that I've been pointing to for weeks. Any further selling should seek out the dcl that we have been expecting now.

SPX -

SPX 8-24 . Read More