Wasting Time

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I wanted to get this report out tonight ,  so it's just going to be a quick review of todays market action and a bit more on GOLD and MINERS.

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DJIA - The Good news was that todays sell off ended with a reversal candle

DJIA 8-3  

But there are cracks in the armor for now. Notice above the downward sloping channel with lower lows and lower highs?  Also notice...

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Steady Balancing Act

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If you are a subscriber here at Chartfreak.com,  you know what this picture represents. Lets discuss the markets and see where they landed at the end of last week.

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I will start with the wkly chart of the SPX. 

Again we see a LONG consolidation for the entire yr of 2015 really.  Bullish if it breaks higher and rallies, but...

SPX wkly 7-30

I want to point out the MACD on the above chart and this following chart as a reminder...

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Weekend Approaching

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I wanted to write this late day report for 2 important reasons-

1. You've been filling up the comments section on the last report, so I thought you needed a fresh space to write in  🙂

2. Even thought things are still playing out pretty much  as expected in certain areas, this is just a reminder about being able to sleep over the weekend.

 

Lets do a quick review...

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