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If you are wondering why I chose the above picture, I'll explain that later. Right now we have the markets in limbo, Natgas on Fire , and Precious Metals seem to be searching for a catalyst . Lets do a review...
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NYA - I thought it was interesting that the NYSE looks a tad more bullish than than the SPX or NASDAQ short term. It had a MACD cross higher 2 days ago, while the SPX doesn't (yet). It almost resembles a bullhorn pattern.
Read More Over the past 2 months I have received one specific question about Gold , Silver, and Miners often enough to know that it's important to the readers here. Even though I answered that question in separate emails, I have already done the homework, so why not share it here in the weekend report to benefit everyone? First, a market review...
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SPX - This is the area that I have been pointing out for the markets to prove themselves.
Now a look at the SPX WKLY chart...
Read MoreI'm actually looking forward to the weekend report. This week is playing out as anticipated for the most part, so this weekend I will point out some more of the bigger picture things that I have been looking at.
SPX - This climb is heading towards some resistance. We have Wednesday and a 1/2 day Thursday, do you think this will be able to break out higher on a 1/2 day of light volume holiday trading? Hmmm?
Look at this weekly chart of the SPX ...
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