Tuesday February 26th

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Feb 23rd Weekend Market View – 1 Step At A Time

Thanks to Rocky, I found something interesting to share with you this weekend. As one of our faster day traders,  Rocky was enjoying some fast Pops higher in the individual stocks of the general market and said, " Hey CF, are you sure about this market dropping? It just won't stop."    Well, My immediate answer was that we were due for a dip and that it isn't really rocketing higher like some stocks,  it has been sideways for a few days.  That said, I decided to dig deeper, look closer, and I may have stumbled onto something - Thanks Rocky!

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 So I have posted this and the rising wedge and this was in the Thursday & Friday reports. Also 'timing wise'  we would be late in the first daily cycle.  I said that this needs to break out higher or it will break down,  but...

   

Take a look at this as food for thought...

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February 22 – Just Thinking Ahead

As mentioned in recent reports, I am expecting the markets to pull back soon.  There have been some great gains in the run out of the lows for the General Markets, Oil, and Precious metals / miners,   but we really are due for a rest.  Just because I am expecting a pull back soon,  that doesn't mean that we are finished yet though.  The Theme picture may give you an idea of what I am talking about.   Lets discuss the markets and do a little thinking  ahead...

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