REVERSALS EVERYWHERE- WILL THEY HOLD

/in /by

Today is a day full of reversals. The question is , with the FED MEETING tomorrow , will they stick?

Some like OIL & ENERGY seem to have been put in with conviction, if they close here.

XLE

 

Sure-   some of the energy stocks are up 15 – 20 % , but in recent days they’ve giving false signals .  Oversold POPS and 1 hit wonders. For example we have :

 

EXXI

EXXI CLOSE UP

SFY

SFY

 

So is there a way to know if the lows are really in for energy ?     Cycles are giving a strong clue and a few other areas may help us to identify the answer to that.  I just posted a premium report discussing the possibilities in ENERGY. 

 

I had posted this chart on DEC 10 of a target for the pullback that I expected in the markets.

QQQ Dec 10

 

Today we are there with a reversal.

qqq dec 16

 

     The question is…With the FED MTG tomorrow is it safe to assume that this reversal will hold?

 We did do a reversal before in the QQQ in Sept / Oct and in similar fashion, but it failed into a sell off.  In fact, the Q’s are selling down again now (See below) .

QQQ2

And the VIX is looking kind of strong

vix

 

 And of course, lets not forget about our  GOLD & MINERS .  They are also reversing ( repeatedly) , whats going on there?   I have been tracking that closely since Early Nov too.  It has had curve balls and surprises too, so should we be concerned?  Will Gold rally  or will the FED kill it?   Is it still acting correctly since making lows in Early November ? Or do signs of weakness show that it’s about to fall apart on FED DAY?    Again, I am covering that in the premium section under the “Strategies” tab.   Things are rocking & rolling, and even the reversals keep reversing.  These are , for sure,  tricky markets.   The FED MTG is tomorrow and things may get a little clearer after that.  

 I will post here from time to time, but I have to be fair to those paying members and keep some of the information set aside for premium content. If you’re not already a member , I invite you to try a 1 month membership and see if the market analysis in the premium reports can help you to at least see the markets in a different light. Maybe navigate them a little better. It’s Less than the cost of a cup of coffee/day  (Well, Mc Donalds may have me beat there)     .  Thanks for reading along.

 

~ALEX