November 10

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It has been a crazy week, that's for sure. Odd differences are appearing in the markets this week. Let's get right into the report and you'll see what I mean.

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You probably heard about the Markets ripping out to new record highs if you were watching CNBC, and they were. This was the DJIA. The BKX ( banks) broke to new highs, the TRAN, RUT,IWM, SPX, and so on were rallying higher. This certainly looks like the start  of a bullish break out.

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And then there was the NASDAQ.  Hmmm, that was quite the reversal lower on Thursday.The Nasdaq closed down 42.

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Lets look at a couple of our strong Tech companies.  Hmmm? Apple?

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Look at GOOGLES  RSI & MACD.

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I See More Than Just One Out There

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Well Wednesday was pretty crazy in the markets to say the least. Nothing has changed in my analyses however. I still think that we are seeing several Bulls ready to run. Let's get right to the charts and see what we can discern from the extreme moves that took place Yesterday.

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Nov 9th – Storm Winds In The Future(s)

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Sometimes when we are looking out over the horizon, we see what looks like a storm rolling in.  Basically there is nothing that you can do, except to be prepared. It is normal to wonder, "Will the winds of change do a lot of damage?"  "Will they just be a moment of unsettled turbulence with minimal damage?"  "Will we have to pick up an abundance of scattered debris, or will this just pass by?"

We have been taking positions in the Precious Metals markets, so this storm may be just like riding the rapids for most of us,  if things do not change by the morning. The General Markets, on the other hand,  are taking a good hit tonight for those trading in that area. We just have to watch how things settle after the storm surge passes.  Let me show you why...

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