Aug 22 – Upside Surprises
After a pretty solid reversal candle on Friday, the Precious metals sector gave us a little surprise to the upside on Monday. We’ll discuss that and a few other things in this report… SPX – 6 days ago I warned about buying the reversal in the General Market, because the ‘timing’ was not quite […]
Weekend Aug 20
I’m starting off the weekly report with 2 charts that I used in the comments section of a recent report. Then we will cover the markets and especially Oil & Precious metals. These 2 charts were used last week simply to point out the phenomenon that often happens in the markets. It is the […]
Aug 18th – Friday Again
Let’s talk about 3 things here today… 1. QQQ – I thought that QQQ was a bull trap for several reasons, like Cycle timing, The MACD, the Open Gap was pretty obvious, and other internal factors were keeping me cautious, but the Bulls were still buying each reversal.Was this just another Bull Trap? […]
