Interesting Developments

It seems that things continue to play out as outlined here over the past few weeks and months. Lets look at the charts.

 

SPX- watch this number.  SPX needs to bounce soon.

SPX 6-8  

The markets have not had a healthy correction in years. A long term chart shows ...

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33 Charts

The charts have lots to say,  lets just look at the charts....

SPX- I have been watching a wedge pattern for months.  It looks a lot like it  broke down & back-tested  (Orange Arrow)  It needs to break higher real soon or it will continue to just roll over.

SPX 6-5 Read More

Tricky Times

I dont always do a Friday report, but things looked fairly interesting today in various markets. There is uncertainty in the waters below and it may be up to the Friday Jobs report to set things in motion.  May the picture above emphasize the need to honor stops so we can trade another day .

$TRAN-  We've discussed the Dow Theory and "sell In May" concepts.   Will Fridays jobs report bring  recovery or sell off?

TRAN

The TRAN also made the 50/200 Death cross.

$TRAN 1

Lets look at the SPX...

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