Not Much Has Changed

This week is usually a lighter volume  / traders going on vacation - holiday week of trading. Not much has changed from Fridays report.  Things really have to play out further to confirm our expectations or to change them. In other words...not much has changed.  We experienced another peoriod of selling similar to what we had in Oct. Many twondered if the Sell off would end the year ugly and then suddenly ,  right on time ...


QQQ wkly


Its a strong reversal on a weekly basis and take a look at the next chart...

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Its Triple Witching Friday

Today is triple witching and that can increase volatility and volumes.  The first hour tends to see the volatility, and by  the last hour the total day volume increases become evident.  If you are long the markets , you'll be happy to know that  usually there is a bullish bias to Decembers triple witching activity.  Nothing is guaranteed, so We'll have to wait and see.


SPX hit that lower target and reversed as seen here


As shown yesterday  on the charts that I had drawn up for QQQ, IWC, IWM, RUT and so on, these markets are being bought at targets  as that BUY THE DIPS mantra continues

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Survived Another Fed Wednesday Storm

Just as I mentioned in the Wednesday morning report, The Fed Wednesday Storm was enough to more than Rock The Boat.  If you watched the action from 2 P.M. to market close , the name of the game was Volatility. Remember though, sometimes the storms wash the landscape clean and we see the light of a new day, and today lets discuss the beauty of what might be...

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