Light Holiday Trading?

This was possibly going to be a slow week of holiday trading, with Thursdays markets closed in the U.S. and 1/2 day Friday. In some areas we actually saw some noteworthy changes. Lets take  a look at our weeks activities.

SPX - No change from what we expected, but we should see a push higher soon.

SPX 11-27  

This is encouraging ...

Read More

Bullish Changes

Today is Wednesday and the last full day of trading this week for the markets in the U.S.  There were some bullish looking moves yesterday, some expected and another was a little surprising. Lets review. 

SPX -  I expected a little drop, likely to the 10sma, and a BUY opportunity for UPRO, TQQQ, or another long vehicle that you may trade.

SPX 11-24

I posted this chart of UPRO yesterday, using the 10sma as a guide. The 2nd one was at the close.

UPRO 11-23Upro 11-24

That was a perfect "Buy" opportunity, but It could still be bought here if you missed it.

Read More

Slow Week Ahead?

  This is a holiday week in the U.S., so I would expect that the markets may begin to slow down as the holiday approaches. Lets review what took place Monday.  There actually were a couple of noteworthy occurrences since the weekend report.

Read More