Why?

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I dont always do a Friday report, because the Thursdays report usually also covers what could follow through on Friday. Since Friday is the last trading day of the week,  the weekend report covers it all.   I wanted to write one today - Just Bcuz.

SPX - This could be a consolidation to push higher or could be forming a bear flag.

SPX 9-3

Yesterday it was noted that even when the markets were higher in the morning, the usual suspects were not joining in. That would be F.B., GOOG, AMZN, etc.

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Pulling The Trigger

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Many times we hear about buying the pullback, but when the pullback comes, it may be too intimidating to pull the trigger. Did you do any buying yesterday? Lets review the market action and also  discuss "Pulling The Trigger".

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SPX - The Spx has turned back down at resistance and has been rejected at the 10sma too. Wednesday the markets reversed back up to the 10 sma. This time it may be able to push higher.

SPX 9-2 Read More

Buy The Dip?

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It felt like just about everything in the market was pulling back today. Not all pullbacks will qualify as a 'Buy the dip" candidate, but some may be setting up as a nice opportunity. Lets take a look...

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SPX -  This turned down at multiple resistance areas.

SPX 9-1 Read More