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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 ...
Read MoreThe holiday week has many people checking out early and preparing to spend time with families. That means that this can be a week of slow trading, but that can also set things up for the next directional moves when traders return to work. Lets see what happened on Monday...
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SPX - Bounce today. Will it blast off higher? See the wkend report.
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