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Some of the 'set ups' mentioned last week are running now, other stocks that ran recently have pulled back and may be currently setting up to make another run higher. Lets discuss this after our market review. Something interesting may be happening there too.
From yesterdays report, we saw this in a few sectors
Now we are getting a little follow through to the downside
This caught my eye however...
Read MoreThe markets didn't move in quantum leaps yesterday, but there was a little change in how we may want to view things. Lets discuss what stayed the same and what may have changed.
IWM - We saw a reversal at a point of resistance
Read MoreI was a little surprised to see the dollar down and also see the $CRB, $GDX, and $OIL down too. They've all had nice moves out of their lows, and now it looks like it may be the moment of truth. Time to see if it was just another bear market rally or could it be the start of something more?
WTIC - From the weekend report. I had been expecting the 200sma to offer resistance and a quick dip lower.
There are a couple of other factors in play that I am watching too at this point.
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