Growing Patterns

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Week in review, lets see how things are growing...

 

SPX - Are we setting up for a back test and rejection?  Or are we about to break through?

SPX test oct 16

Lets look at some clues...

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Whats Up?

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I'll tell you whats up. The SPX , DJIA, NASDAQ, IBB, IWM, SOX, USD, OIL, OIH, XLE, SILVER,  all closed higher and GOLD & GDX were for  up for most of the day too.  Yes, it was Green just about everywhere except for NATGAS.  Lets discuss the points of interest.

This is basically what the SPX, NASDAQ, DJIA, IWM, etc.  all looked like.

NAZ 10-15 Read More

Running

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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

IWM 10-13

Now we are getting a little follow through to the downside

IWM 10-14

This caught my eye however...

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