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We had some nice reversals in certain sectors today, so I wanted to share a few ideas here with that in mind. Some ideas are Bullish , and a few cautionary notes in there too. This is your Tuesday morning report a tad early. 🙂
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Alex - Chart Freak2015-11-03 00:26:502015-11-03 00:26:50ReversalsIt was a Fed Week and the Action (or lack thereof ) and reaction were somewhat expected. Lets look at our week in review.
Thursday I mentioned that I found it surprising that the USD & CRB were both moving together Post Fed. Was one faking it's move?
Now lets take a closer look...
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Alex - Chart Freak2015-11-02 02:50:042015-11-02 13:47:12Action And ReactionAs expected, the Fed Mtg on Wednesday certainly gave us some dips to work with. We saw both strength and weakness as a result.
SPY - This was a tough dip to ride 'real time', but the markets closed back at the highs.
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Alex - Chart Freak2015-10-29 13:53:072015-10-29 13:59:27Riding The Dips
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