Just A Little Change

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The 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

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Moment Of Truth Time?

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I 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.

WTIC DAILY 10-9

There are a couple of other factors in play that I am watching too at this point.

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Lets Look At The Big Picture

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Every now and then I like to step back for the weekend report and take a look at the Big Picture. I have been reporting for months that I see big picture changes in many sectors starting to take shape.  Lets see if they are advancing or falling apart.

The SPX is approaching resistance. Will it halt the rise, or possibly just give it a pause like we saw in 2011?

SPX WKLY 10-9

Lets look for some clues...

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