Wednesday Jan 10 – It’s Just A Pullback

 We will discuss the Miners and the current pullback after a quick review of various Market Sectors.

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SPX - This is often a topping candle, a reversal , but lately the SPX just drops down to the 10sma and may fill some gaps if it does.

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No Big Changes yet

No big changes took place since the weekend report, but we do have quite a few charts to look at, so let's dig right in...

 

SPX - The markets continued higher...

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Oil - But the Expected Dip

Oil – Buy the Expected Dip

OIL

 

OIL's C.O.T. - The shorts by 'Smart Money' increased again.  They are determined to ride a drop in Oil prices, though Oil has been bullish in recent weeks.

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January 6th – Weekend Update

Looking at SPX, DJIA, and the NASDAQ at the end of the week, and we basically see the uptrend remains on track. Using  a trailing stop has kept the 'longs' in the trade.  Some are riding UPRO, UDOW, TQQQ.

I wanted to point out the VIX again, however...

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Oh, THAT’S What That Feels Like!

How timely was my article at the end of yesterdays morning report, discussing how sharply the Medical Marijuana stocks can sell off ? Holding those felt a lot like that ride in the opening Theme picture, but I am going to have a part 2 in todays report and discuss future buying opportunities in some of these companies again too.

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Thursday Jan 4th

 

SPX #1 -  There are a few reasons that I do not believe that we just saw a DCL 2 days ago.  That means that I think we are on day 32, and we should still dip into a low soon.  I pointed out the area of the green arrow yesterday as an example.

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JAN 3rd – Floating Markets!

 In that Theme picture, we see what is known by some as a floating market. Well, I think that many of us are seeing our own version of a floating market too.  Let's discuss out stocks market action in a few sectors of interest, as well as some individual Miners and Stocks.

 

SPX - The first day of trading in 2018 was a move higher on day 31. That MIGHT have been a dcl, but I am thinking that it was a continuation move similar to what I am pointing out in October with the blue arrow. If you are long, it doesn't matter, your trailing stop is still keeping you invested.

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