May 20 – Friday
Lets do a market review and then I’ll discuss what will be in the weekend report. . SPX – We’ve been looking at what looks like a H&S. EVERYONE is looking at it and the group think is seldom correct, so I have to wonder if it’ll play out. The reversal could be a DCL […]
FOMC AGAIN
Wednesdays release of the Fed Minutes certainly caused a ‘reaction’ in the various sectors of the markets. It falls in place with the timing of certain cycles, so lets review the action and what it may mean moving forward. . SPX – The General Markets sold off with the Fed minutes. They recovered into the […]
Wednesday May 18
FOMC MINUTES RELEASED TODAY, that can affect the markets , since they seem to be at pivotal points. I have a lot to discuss for a Wednesday, so lets get right into the report… . DJIA– I usually use the SPX, but they are similar right now. POssibly dropping to the 200sma, but ‘time’ is […]
