Friday Aug 24th

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Welcome to the last trading day of the week...

 

USD-   This is a copy/ paste from yesterdays report, expecting a USD DCL.

     

UUP  ( USD) -  It looks like the DCL may have formed. I mentioned yesterday

 

Now let's discuss Gold...

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August 23rd – Chart Set Ups

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I will have many trade ideas at the end of this report.

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TNA   -  I mentioned that The Russell 2000 (  RUT, IWM, and you can use the TNA) Looked bullish, and this was the break out. It was and is a buy.

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August 22 – FOMC Minutes

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The release of the FOMC Minutes from the last Fed Meeting is scheduled to be released today. At times, this can cause a reaction in the markets, if the verbiage or language that was used seems more Hawkish or Dovish than originally interpreted.   For example, if they were to mention a concern pertaining to inflation rising faster than expected, that could affect certain sectors, so we just want to be mindful that the markets could move unexpectedly around 2 P.M. Eastern.

     

SPX #1 - Right where the SPX was about to break to new highs, it sold off a bit.

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