Bullish Changes

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Today is Wednesday and the last full day of trading this week for the markets in the U.S.  There were some bullish looking moves yesterday, some expected and another was a little surprising. Lets review. 

SPX -  I expected a little drop, likely to the 10sma, and a BUY opportunity for UPRO, TQQQ, or another long vehicle that you may trade.

SPX 11-24

I posted this chart of UPRO yesterday, using the 10sma as a guide. The 2nd one was at the close.

UPRO 11-23Upro 11-24

That was a perfect "Buy" opportunity, but It could still be bought here if you missed it.

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Slow Week Ahead?

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  This is a holiday week in the U.S., so I would expect that the markets may begin to slow down as the holiday approaches. Lets review what took place Monday.  There actually were a couple of noteworthy occurrences since the weekend report.

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Nov 22 Weekend Report

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With the release of the Fed Minutes Wednesday, we got a good amount of action in the markets this week.  Lets review sector by sector.

 

The SPY -  On Nov 16,  with a day 25 high in place,  I expected a bullish break higher and a DCL to be put in place.

SPY 11-16  

SPX Nov 18 -  This was a bullish break out back above the 200sma.

SPX 11-18

That was follow through after the release of the fed minutes.  What can we expect?

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