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Friday , one last day in the trading week. 'Friday reports' are often not necessary, unless something has changed. For the most part , Tuesday ,Wednesday, and Thursdays report still apply , but there are a few noteworthy developments , and today we have JOBS REPORT FRIDAY , released at 8:30 A.M. Eastern time , so let me just cover a few things.
I posted this yesterday
I had been shorting the blue arrows and selling 1/2 at the lows. It was fun while it lasted , but I said I was closing that position, some things looked different...
Read MoreThe website went down and my apologies for this report being released a little late, thank you for your patience! I had so much to cover, so I am going to try to write less and allow the charts to speak for themselves, feel free to ask questions in the comments section if you need my help...I will be available on & off today. To the charts...
QQQ - Same ole same ole.
I had been shorting the top ( adding TZA) and closing half at the lows, also watching the 50sma. I closed out this position , but may add if we reverse & drop lower again. It is still unclear which way this will eventually break, here is why...
Read MoreI have a lot to cover, so lets just do a quick review and on to the charts...
SPX - as the consolidation continues it goes from looking weak to looking more bullish
In prior posts I wrote that...
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