NOV 15 -Light At The End Of The Tunnel

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Markets are running, but I'm sure that everyone wants to discuss the light at the end of the tunnel. We'll do our market review and then on to the Precious Metals.

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SPX - I posted this Monday night, it looked like a pause in the strong move out of the ICL.  A possible Bull flag.

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SPX - Tuesday it broke upward and this is only day 7.  Bullish.

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NOV 14

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SPX - After an initial surge out of the lows, the S&P is stalling a bit.  It may just be a pause before continuing higher. 

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WEEKEND REPORT- RECALCULATING ROUTE

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Have you ever been driving along using your GPS and you decide that maybe you're going to take a short cut to your destination?  The GPS detects that you have left the designated course and immediately needs to compensate by announcing, "Recalculating Route!".  Well last week sectors of the markets took sharp detours right after the elections. Using over 50 charts, this weekend report will discuss the road we find ourselves on now.

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SPX - Nov 1st , Expecting a trade-able  ICL, maybe in the 2070 area.

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SPX - The ICL seems to be solidly in place, with a break out from the downtrend after the election results were in. Futures shot down immensely during election night, but the chart simply reflects the time that the market was open. Volume was huge after the election.

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SPX WKLY - This could be a huge breakout from a 2 year consolidation, and it is oversold!

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SO here is my current thinking...

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