Market Forecast Videos

Which way is the market headed? Look no further than the market forecasts of our professional traders and experts. Not only will you find industry leading market forecasts but when we spot newsworthy videos we will be sure to post them here so you get to see what's moving the markets first.

 
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Jan 17 2017 - Russell 2000 Breaks Support & Banks Sell Off Jan 17 2017 - Russell 2000 Breaks Support & Banks Sell Off The Russell 2000 ETF (IWM) is the first of the major index ETFs to break down out of their month long trading range. The next support level would be the 50-day SMA. SPY, DIA and MDY all remain inside their respective ranges, with QQQ still holding above its own 5-day EMA.

The bank stocks (GS, JPM, BAC and C) were hit with some profit taking. The downside targets are provided in the video.

Have a great day!
Jan 16 2017 - Earnings Season is in Full Swing This Week Jan 16 2017 - Earnings Season is in Full Swing This Week Earnings season really gets into high gear this week so it is definitely a great time to review protective strategies before the company's announcement.

$VIX is back down to 11.23, indicating literally zero fear as we head into the meat of earnings season.

Friday's price action left the major indexes mainly unchanged and still range bound, except for the QQQ's which continue to power higher.

Gold (GLD) remains above its 50-day SMA but SLV can't get above its own.

Have a great day!


Jan 12 2017 - S&P Rallies Off Lows Jan 12 2017 - S&P Rallies Off Lows S&P 500 ETF (SPY) rallied off its lows to remain above its 20-day EMA. DIA, IWM and MDY all remain range bound with QQQ continuing to outperform to the upside.

$VIX did spike more than 10% today, but ended up with a small gain of only 2.49%.

GLD did close above its 50-day SMA and AMZN continues to be strong since it closed above its 50-day SMA back on Jan 5.

We provide additional commentary to last night's WFC protective put example ahead of its earnings report on Friday morning.

Have a great day!
Jan 11 2017 - QQQ's 7 Days in a Row & Protective Puts for Earnings Jan 11 2017 - QQQ's 7 Days in a Row & Protective Puts for Earnings QQQ's made it 7 up days in a row and they have yet to post a losing day here in 2017.

IYT (Transports ETF) triggered a buy signal today as it closed back above its short-term moving averages on well above average volume.

We also discuss the value of a 'protective put' option for hedging capital against upcoming earnings reports, as the Banks begin reporting on Friday.

Have a great day!
Jan 10 2017 - USO Rolling Over & NKE Holding Breakout Jan 10 2017 - USO Rolling Over & NKE Holding Breakout There was no major change again the major indexes, except the QQQ's continue to push higher.

PEP's sold off today, but support is approaching near $99. GOLD continues to 'stair step' higher along its 5-day EMA.

Have a great day!
Jan 9 2017 - QQQ's Marching Higher & XLE Breaking Down Jan 9 2017 - QQQ's Marching Higher & XLE Breaking Down There was no real change in the major stock index ETFs, except the QQQ's pushed to new highs today. The $VIX remains bearish, which is bullish for equities.

XLE closed beneath its 20-day EMA today, ending the short-term bullish momentum.

AAPL, AMZN and FB all continue to look strong technically.

Have a great day!

Jan 8 2017 - S&P All Time Highs & AMZN, FB on the run Jan 8 2017 - S&P All Time Highs & AMZN, FB on the run S&P 500 closed at all-time highs on Friday. The Dow is not far behind as we still await Dow 20k.

Amazon (AMZN) and Facebook (FB) both broke out above their 50-day SMAs last week and are on technical buy signals (targets given in the video).

Have a fantastic week ahead!
Jan 5 2017 - AMZN Breaks Out While KSS & M Get Crushed Jan 5 2017 - AMZN Breaks Out While KSS & M Get Crushed There was no major change in SPY or DIA. IWM did drop over 1% but remains in its recent trading range. Similar story for QQQ, while it did rise today, it too remains caught in a trading range.

Kohl's (KSS) and Macy's (M) both got walloped today. Kohl's plummeted 18.85% and Macy's crashed 13.53%.

Amazon (AMZN) broke out of its pennant today, triggering a buy signal and Netflix (NFLX) hit new highs.

Have a great day!
Jan 4 2017 - S&P 500 Cycle Low & Buy Signals Galore Jan 4 2017 - S&P 500 Cycle Low & Buy Signals Galore The S&P 500, Dow, Russell 2000 and Midcaps didn't take long to put in a cycle low it seems. The Slow Stochastics can be a great indicator to help see how the 'cycle is progressing' and the indicator just went on a technical buy signal on all four of them.

Speaking of 'buy signals'... KSS, NKE, LEN and OIH also went on technical buy signals and are detailed further in tonight's video.

Have a great day!
Jan 3 2017 - GOLD Breaking Out & USO Prints Big Reversal Candle Jan 3 2017 - GOLD Breaking Out & USO Prints Big Reversal Candle The major index ETFs did stage a rally today but could not hold onto their highs by day's end. Caution remains warranted, though the VIX did crash lower by 8%+.

TLT's next upside technical target is the 50-day SMA.

GOLD is breaking out ahead of its brethren, with a technical upside target of $10 or more higher.

Have a great day!
Jan 2 2017 - S&P Pulling Back & Transports Give Sell Signal Jan 2 2017 - S&P Pulling Back & Transports Give Sell Signal Overall, the markets are pulling back slowly. However, the Transports (IYT) produced a sell signal with the 5-day EMA crossing down through the 20-day EMA. The $VIX is also starting to show some life. As a result, some caution is definitely warranted for the stock bulls. This could be a perfect time for a pull back.

We do provide downside targets for the major ETFs, including AAPL, AMZN, FB, GOOGL and NFLX.

Cheers to a fantastic 2017!
Dec 29 2016 - S&P 500 Looking A Little Heavy & Miners Surge Dec 29 2016 - S&P 500 Looking A Little Heavy & Miners Surge The markets are starting to look a little 'heavy' but they are still holding up well overall for now. The VIX is starting to rise but it is not 'jumping' just yet either.

Gold and the Miners are starting to rally right on schedule as they enter their positive seasonal time frame.

Cheers to a prosperous 2017! Happy New Year!
Dec 28 2016 - Markets Finally Pullback & Levels to Watch Dec 28 2016 - Markets Finally Pullback & Levels to Watch SPY is resting right on top of its 20-day EMA. A close below it, and it could fall into the $220 area. DIA is still a good distance away from its 20-day EMA. $VIX closed higher by 8.01% and its next upside target is the 14 area.

Have a great holiday week!
Dec 27 2016 - Amazon (AMZN) Getting Close To Breaking Out Dec 27 2016 - Amazon (AMZN) Getting Close To Breaking Out SPY, IWM, QQQ and DIA all continue to trade in relatively tighter ranges during the holiday week, with no major changes today.

AMZN is flirting with the 50-day SMA. A close above this key moving average would turn the charts technically bullish.

Have a great day!
Dec 26 2016 - Stock Market Consolidating Over Holidays Dec 26 2016 - Stock Market Consolidating Over Holidays The major markets have entered into a consolidation period as the holidays are upon us. Despite the major move higher post election, the bulls are not giving up their gains just yet in favor of any serious profit taking. The $VIX remains in the 11 area.

Gold and Silver begin to enter a seasonally positive time of year starting next week, so we'll keep an eye on them in the coming days.

We wish you and your family a wonderful holiday season!
Dec 22 2016 - Retailers Get Bucket of Coal Ahead of Holiday Dec 22 2016 - Retailers Get Bucket of Coal Ahead of Holiday SPY is below its 5-day EMA, while DIA is above its 5-day EMA. Overall, not much changed today except for IWM hitting the 20-day EMA. A close below the 20-day EMA on the Russell 2000 ETF would likely open the door to more selling pressure. The VIX continues to act a little 'too calm' with a reading still in the 11's.

The Retailers got a huge bucket of coal for their holiday gift today. XRT, JWN, M, KSS, TGT, WMT, ANF, AEO and more got hit hard with some losing over 6% (all covered in the video). While AMZN barely budged, showing they are doing just fine (for now).

We also cover BMY, GILD and two currencies coming into support (FXA and FXC).

Have a fantastic holiday weekend everyone!
Dec 21 2016 - QQQ Bull Flag Forming Dec 21 2016 - QQQ Bull Flag Forming SPY printed a minor 'lower swing high' and closed just $0.11 below its 5-day EMA. DIA, IWM and QQQ remain above their respective 5-day EMAs. $VIX continues to move lower, which indicates the bulls are quite comfortable.

We also cover UNG, TLT, IYT, SMH, LOW and NKE in tonight's video.

Have a great holiday week!
Dec 20 2016 - S&P 500 Cycle Low Already... Dec 20 2016 - S&P 500 Cycle Low Already... The Dow Jones Industrial Average got within 13 points of 20,000 intraday today. It just a matter of time until the symbolic number is hit. SPY, IWM,and MDY all bounced nicely.

NKE is surging in after hours trading. We've had this stock on our watch list and now that earnings is over, it appears the stock may be ready to run. We also cover IYT, XRT, LOW and HD in this video.

Have a great Holiday Week!

Dec 19 2016 - $VIX Back Below 12 & Seeing a Trend Change Dec 19 2016 - $VIX Back Below 12 & Seeing a Trend Change Only the SPY remains below its 5-day EMA after Monday's trading. $VIX is back below 12 and it typically doesn't like to stay there too long.

In tonight's video, we use FXA as an example of how to see a change in traders' sentiment can appear on a stock chart (i.e. going from buying the dips to selling the bounces).

Happy Holidays!
 Dec 18 2016 - Dow 20,000 This Week? Dec 18 2016 - Dow 20,000 This Week? The Dow is only 56.59 points away from hitting 20,000. The last two weeks of the year favor the bulls historically so there is a pretty good 'bet' it should happen sooner than later.

The SPY, QQQ, IWM and MDY are all below their respective 5-day EMAs, as traders are looking to lock in some profits ahead of year-end. The $VIX rolled over by 4.61% on Friday, indicating traders do not feel the need for any additional downside protection right now (i.e. they feel pretty comfortable with where the market sits currently).

Gold, Silver, Miners and Bonds remain bearish.

Happy Holidays!
Dec 15 2016 - Three Days in a Row & Miners Crushed Dec 15 2016 - Three Days in a Row & Miners Crushed SPY, DIA and QQQ remain above their short-term 5-day moving average, but they've all seen some selling come in at their intraday highs for three straight days. This is indicating some 'profit taking' is taking place given the stock market's parabolic rise post Election.

Silver (SLV) sold off hard today and the Miners were hit even harder, with SIL losing over 6%.

Have a fantastic Friday ahead!
Dec 14 2016 - A Little Profit Taking & Gold Sells Off Dec 14 2016 - A Little Profit Taking & Gold Sells Off The IWM (Russell 2000 ETF) and MDY (S&P Midcap ETF) both finished below their respective 5-day EMAs today. The DIA (Dow ETF), SPY (S&P 500 ETF) and QQQ (Nasdaq 100 ETF) are still above their respective 5-day EMAs. Overall, the profit taking was very minimal with the Fed raising rates by just 0.25%.

$VIX only finished up 3% and the $RVX actually finished down on the day.

Gold, Silver and Miners sold off today. Our GLD technical target remains $100-ish.

In the currency arena, the UUP (US Dollar) had a big up day, while FXE, FXY, FXA and FXC all sold off.

Have a great day!
 Dec 13 2016 - The Dow is Almost There Dec 13 2016 - The Dow is Almost There The Dow Jones Industrial Average is within 88 points of hitting 20,000. It has been quite a run since the Election night sell off. With the Dow at 20,000 and the Fed announcement on Wednesday, it might prove to be the catalyst to invoke just a little profit taking. The 5-day EMA has been a great guide on the way up (for a trailing stop).

We also discuss RTN, BA, LMT, NOC, GD, AAPL, NKE, XOM & TSN.

Have a great day!
 Dec 12 2016 - Profit Taking Ahead of Fed Mtg & Switching Moving Averages Dec 12 2016 - Profit Taking Ahead of Fed Mtg & Switching Moving Averages DIA continued its strong run post election, but SPY, IWM, MDY and QQQ all experienced a little bout of profit taking. By day's end, all the major index ETFs held onto the topside of their respective 5-day EMAs keeping the bulls in charge.

In tonight's video, we use TLT as an example of 'when' to consider changing the timeline of the daily EMAs (from 5 to 12). We also cover XOM's breakout, FB, LMT, LOW, NKE & TSN.

Have a great week and Happy Holidays!
Dec 11 2016 - All Eyes On Wednesday's Fed Meeting Dec 11 2016 - All Eyes On Wednesday's Fed Meeting S&P 500 (SPY), Dow Jones Industrial Average (DIA) and Russell 2000 (IWM) all closed at all-time highs this past week. SPY and DIA are well outside their two-standard deviation Bollinger Bands, indicating an overbought condition... on the daily and weekly charts. With the FED's latest rate decision due on Wednesday at 2pm ET, this could be the catalyst to create a little profit taking after such an impressive post-election and holiday run.

Happy Holidays!
Dec 8 2016 - VIX Up Again & Euro Rolls Over Dec 8 2016 - VIX Up Again & Euro Rolls Over The equity markets continued their rise today and now SPY, IWM and DIA are in daily overbought territory. VIX rose for a second consecutive day despite equities moving higher.

LMT & RTN both appear to be getting hit by some profit taking since the election run up with targets back down to their respective 50-day SMAs and 'election gap' higher points.

We also cover the US Dollar, Euro, Yen and other currencies.

Have a great day!
Dec 7 2016 - Markets Soar & VIX Rises Dec 7 2016 - Markets Soar & VIX Rises SPY, IWM, MDY and DIA all finished at new all-time highs today. It seemed traders were falling over each other chasing prices higher by day's end. However, the VIX actually rose 3.65% despite the rally in equities.

We also discuss DIS, LEN, LOW, XOM and COST in tonight's video.

Have a great day!
Dec 6 2016 - New All-Time Highs & Using 'Swing Stops'... Dec 6 2016 - New All-Time Highs & Using 'Swing Stops'... SPY, DIA, IWM & MDY all went to new all-time highs. VIX is now into the 11 area.

In tonight's video, we discuss 'swing stops' and use NFLX, LEN & COH as examples.

GLD (Gold) & TLT (Bonds) continue to side with the bears. Gold doesn't enter a seasonally positive time period until the first of the year.

Have a great day!
Dec 5 2016 - SPY Bulls right back at it Dec 5 2016 - SPY Bulls right back at it SPY, IWM & MDY all regained their short-term 5-day EMAs, giving the bulls a technical advantage. DIA never lost its 5-day EMA and it continues to outperform to the upside. QQQ remains range bound. $VIX got shellacked to the tune of 14.02% and sits back in the 12's.

UUP (Dollar) is experiencing some profit taking and the FXE (Euro) is getting an oversold bounce. We'll use the Stochastics to help indicate when they may resume their overall trend again.

Have a great week!
Dec 4 2016 - Dow Remains Strong, Gold & Bonds Weak Dec 4 2016 - Dow Remains Strong, Gold & Bonds Weak DIA (Dow ETF) continues to trade above all of its moving averages. SPY and IWM are below their 5-day EMAs, with MDY on top of its own 5-day EMA. QQQ's continue to under-perform, but also remain locked into a 'box' or trading range.

Gold (GLD) and Bonds (TLT) remain weak and below their 5-day EMAs. We talked about the importance of the $115 support level on GLD. The ETF is now down $3/share and its next major weekly support level is all the way down near $101. For TLT, ironically the $115 area is also key weekly support. A close below $115 and TLT's next major support is near $102.

We wish everyone a wonderful and safe holiday season!
Dec 1 2016 - Spotting the S&P 500 Bottom... Dec 1 2016 - Spotting the S&P 500 Bottom... The SPY (S&P 500 ETF) closed solidly below its 5-day EMA today. In this video, we'll highlight a simple and easy to use indicator that can potentially help spot a bottom (or top) in any stock.

QQQ had a rough day finishing down 1.69% on heavy volume. DIA held up quite well and even finished in the green.

There was no change in Bonds, Metals or Miners.

Have a fantastic Friday!
Nov 20 2016 - Profit Taking & Big Oil Move Nov 20 2016 - Profit Taking & Big Oil Move SPY closed below its 5-day EMA on above average volume. IWM traded slightly lower too. QQQ printed a 'bearish engulfing pattern' but overall, the markets held up quite well. The VIX only rose 3.33%.

Oil had a big move today on OPEC news. We highlight USO, XOM, COP, CVX, HES, OIH and RIG.

Gold (GLD) continues to trade lower after it broke the key support level of $115 we highlighted a few days ago. The bears remain in charge with a target of $100 to $102-ish (still 12% lower).

Facebook (FB) and Amazon (AMZN) both rolled over today.

Have a great day!
Nov 29 2016 - Retail & Banks - Using 5 & 8-day EMAs as Trailing Stops Nov 29 2016 - Retail & Banks - Using 5 & 8-day EMAs as Trailing Stops There was no major change in the Stock Index ETFs, Metals or Miners.

In this video, we use XRT (Retail ETF), XLF (Financial ETF), C, WFC, and BAC as examples of using a 5-day and 8-day EMA as a trailing stop.

Have a great day!
Nov 28 2016 - Russell 2000 Cracks Below 5-day EMA Nov 28 2016 - Russell 2000 Cracks Below 5-day EMA Russell 2000 ETF (IWM) was the only major index ETF to close below its 5-day EMA, which signals the bulls have run out of steam in the short-term. SPY, DIA, QQQ and IWM all remain above their respective 5-day EMAs.

VIX did close above its 5-day EMA, which raises a small yellow flag for the stock bulls but nothing major just yet.

We are watching for a close above the 20-day EMA on FB for a buy signal. AMZN closed below its 5 & 20-day EMAs today giving the bears a short-term edge.

Have a great day!
Nov 27 2016 - Holiday Rally On Target Nov 27 2016 - Holiday Rally On Target SPY, DIA, IWM and MDY all remain bullish on the daily charts. From a weekly charting perspective, SPY is slightly overbought while DIA, IWM and MDY are very overbought. This is the time of the year when the equity markets typically outperform to the upside.

Gold, Silver and the Mining ETFs remain technically bearish on the daily charts, with GLD downside targets still about 10-12% lower.

We also discuss EWW (Mexico ETF), AAPL, AMZN, TIF, COH and BBY.

Have a great day!
Nov 23 2016 - GLD Opens The Door to $100 & Happy Thanksgiving! Nov 23 2016 - GLD Opens The Door to $100 & Happy Thanksgiving! We've been highlighting the key $115 support level for GLD (Gold ETF). Upon the 9:30am ET open, GLD gapped well below the key $115 support area. Even after today's nearly 2% loss, the ETF is not oversold.

SPY, DIA, IWM and MDY continue to trade higher. VIX did try to close above its 5-day EMA today, but failed to do so by day's end giving way to the equity bulls.

UNG is almost on a technical buy signal and GE just broke out of a bull flag pattern.

We wish you and your family a wonderful and safe Thanksgiving Holiday!
Nov 22 2016 - XLE & HD Breaking Out Nov 22 2016 - XLE & HD Breaking Out XLE (Energy ETF) has closed above a key resistance area for two consecutive days. The next major technical resistance area is up near $83, which is over 10% higher.

HD (Home Depot) finally closed above its 200-day SMA. Its next upside targets are $134 and the bigger prize is $138.

The major index ETFs continue to trade bullishly, with MDY and IWM outperforming.

Gold, Silver and the Miners remain bearish.

We wish you and your family a happy and safe Thanksgiving!
 Nov 21 2016 - SPY New All-Time Highs & Gold Target $150 Lower Nov 21 2016 - SPY New All-Time Highs & Gold Target $150 Lower SPY closed at new all-time highs today. DIA, IWM, MDY and QQQ all finished in the green. QQQ performed the best today, playing a little catch up.

Gold is precariously perched at a key support level. If it is broken, the next major support level is approximately $150 lower. For those traders following GLD, the key support is $115. A close below there could lead to a $15 drop before key support arrives.

Have a great Thanksgiving ahead!
Nov 20 2016 - Stock Bulls Remain in Control Nov 20 2016 - Stock Bulls Remain in Control SPY, DIA, IWM and MDY all remain above their respective daily short-term moving averages. On a weekly basis DIA, IWM and MDY are outside their upper Bollinger Bands, indicating an overbought condition. QQQ continues to lag.

GLD, SLV and the Miners remain bearish. GLD has now closed below the May lows, which opens the door to a new set of lower targets technically.

Have a great holiday shortened trading week ahead!
Nov 18 2016 - Midday Update - Gold & Bonds Still Bearish... Nov 18 2016 - Midday Update - Gold & Bonds Still Bearish... Gold (GLD), Silver (SLV), Miners (GDX, SIL) all remain bearish and cannot close above their respective 5-day EMAs on the daily chart.

Bonds (TLT) is in a similar boat to the metals and miners. It cannot close above its 5-day EMA.

SPY, IWM and MDY remain bullish, while DIA (intraday) is flirting with a close below its 5-day EMA.

Have a great weekend ahead!
Nov 16 2016 - CSCO Trading Lower & Euro approaching Par Nov 16 2016 - CSCO Trading Lower & Euro approaching Par The major index ETFs for the most part are now back inside their upper Bollinger Bands, relieving the daily overbought signal. But, they do remain over-extended in the near-term.

CSCO reported after the bell and is trading down to the key near-term support level of $30. If $30 falls, the 200-day SMA is a buck lower.

We also discuss AAPL, PCLN, COH, TIF, FB and the Euro.

Have a great day!
Nov 15 2016 - Energy Stocks on Watch List (USO, XLE, XOM) Nov 15 2016 - Energy Stocks on Watch List (USO, XLE, XOM) SPY is working its way back up to its all-time highs. DIA remains overbought by a tad right now. QQQ continues to have trouble closing above key moving averages even on 'green days'.

We're watching for XLE above $72, XOM above $89 and USO completed an 'island reversal pattern'.

COH and TIF pulled back a bit today.

Have a great day!
Nov 14 2016 - QQQ's stuck in the mud and COH on the move Nov 14 2016 - QQQ's stuck in the mud and COH on the move QQQ continue to lag behind SPY, DIA and IWM. DIA again hit new all time highs today.

AAPL, AMZN, FB, GLD and SLV were hit hard intraday.

COH breaks out of its recent trading range as the holiday season approaches.

Have a great day!
Nov 13 2016 - Dow Overbought & Gold Crushed Nov 13 2016 - Dow Overbought & Gold Crushed Dow ETF (DIA) had a fantastic week moving to new all-time highs. But by week's end, it is now overbought on the Daily and Weekly charts. SPY is bullish on the Daily and Weekly charts. QQQ is under-performing and remains in a trading range.

Gold, Silver and Miners got crushed this past week and are all oversold on the daily charts. Copper (JJC) printed a massive bearish engulfing pattern on Friday after rocketing higher last week.

Have a fantastic week ahead!
Nov 10 2016 - Problem in Techland (QQQ & SMH) Nov 10 2016 - Problem in Techland (QQQ & SMH) QQQ and SMH are not following the other major index ETFs higher. In fact, QQQ lost 1.6% and SMH fell 1.3% on very heavy volume.

DIA closed at new all-time highs, but is way outside its upper Bollinger Band, indicating an extreme overbought reading. SPY printed a 'high wave doji' at the Sep and Oct highs, as did MDY. IWM printed its own 'high wave doji' at the reversal highs from Sep.

There are numerous stocks right now that are well outside their respective upper Bollinger Bands. Historically, this often produces a pause in the move and even a potential pull back until the stock is back inside the Bollinger Band.

In tonight's video we cover the following stocks... AXP, TIF, BMY, AAPL, AMZN, CAT, IR, CMI, GS plus some ETFs IBB, OIH, XLU, XLE and XLF.

Have a great Friday and Happy Veteran's Day!

Nov 9 2016 - Massive Reversal & Where We Are Now... Nov 9 2016 - Massive Reversal & Where We Are Now... Despite today's massive rally off the overnight lows (Dow was down 800 points!) the major index ETFs still reside at resistance areas. DIA is acting the strongest, with it challenging the August highs. SPY could not close above the September and October highs (and would then still have the August highs to challenge). The VIX crashed to sub 15.

TLT got hammered. The US Dollar (UUP) rallied, while the Euro (FXE) sold off. Gold gave up all its early morning (gap higher) gains. XLF (Bank ETF) soared.

Both AXP and TIF (two stocks were following) did quite well today.

Have a great day!
Nov 8 2016 - US Steel & Bristol-Myers on the move Nov 8 2016 - US Steel & Bristol-Myers on the move As we await the results of the Election either late tonight or on Wednesday, US Steel and Bristol-Myers are on the move.

For the major index ETFS... SPY & QQQ were halted at their 50-day SMAs, IWM was stopped at its 20-day EMA, while DIA is beginning to break out.

We should soon see some bigger moves in the currency markets, gold/silver and equities once the election is FINALLY behind us.

Have a great day!
Nov 7 2016 - Election Mirror Image of Brexit? Nov 7 2016 - Election Mirror Image of Brexit? SPY roared higher today by 2.3% (+$4.79) and closed back above its 5 & 20-day EMAs. If you look back to 'Brexit', a similar large bullish move occurred before the 'Brexit Vote', only to lead to a two day sell off, followed by a ferocious rally to new all-time highs. Despite today's one-day bullish rampage, caution remains warranted ahead of Tuesday's 'fixed news event'.

IYT (Transports ETF) ripped higher by 3.69% on huge volume. We commented how well IYT was holding up and today it blew the doors off of its overhead resistance. Short-term it is overbought with it trading well outside its upper Bollinger Band.

Have a great Election Day!
Nov 6 2016 - SPY at Key Support Ahead of Election Nov 6 2016 - SPY at Key Support Ahead of Election SPY is near its 200-day SMA ahead of Tuesday's Election. A close below the 200-day SMA would be viewed as technically bearish. But, if a break below the 200-day SMA occurs on Monday or Tuesday, the Election results late Tuesday night could cause a potential whipsaw in equity prices. Therefore, Wednesday or Thursday's price action hopefully will provide some clarity.

The VIX remains elevated (22.51) as uncertainty around the election persists. The VIX could soar or crash as well once the election results are released. Typically though, the VIX does not remain in the 20+ range, therefore the VIX is likely to come back down to lower levels, which typically equates to stagnant or higher prices in the S&P 500.

Have a great week!
Nov 3 2016 - SPY Approaches 200-day & Biotechs Clobbered Nov 3 2016 - SPY Approaches 200-day & Biotechs Clobbered
SPY is almost upon its 200-day SMA with today's additional 0.4% drop. VIX blew past 20 and is now well outside its upper Bollinger Band.

DIA is hanging tough, barely giving up any ground now that it is below $180 and the transports ETF (IYT) is hanging out near its highs.

IBB (Biotech ETF) lost 3% today and is now coming into a major support area. PFE also got whacked today, losing over 2% and is within a $1 of its own major support level.

FB fell 5% and is within $2 of its 200-day SMA.

Have a fantastic Friday ahead!
Nov 2 2016 - DIA Loses $180 & TSLA 20% Lower? Nov 2 2016 - DIA Loses $180 & TSLA 20% Lower? Yesterday, SPY lost its key support level of $212. Today, DIA lost its own key support area of $180. All the major index ETFs have lost support are bearish technically speaking. Downside targets for now are their respective 200-day SMAs, but there is definite room for more selling before other major support arrives.

GLD and SLV did bounce, but the Mining ETFs (GDX, GDXJ, SIL) printed 'bearish engulfing patterns' right at their respective 50-day SMAs.

AMZN and GOOGL have joined the 'selling party' and TSLA just blew through a very key support area. The next major technical support area for the stock is 20% lower.

Have a great day!
Nov 1 2016 - SPY Breaks Key $212 Level & VIX Pops Above 20 Nov 1 2016 - SPY Breaks Key $212 Level & VIX Pops Above 20 We've been talking about how the indexes 'looked heavy' over the past couple of weeks and it wasn't a good sign when IWM and MDY both lost their key support levels a few days ago.

Today, SPY closed below the key $212 support area. DIA, did probe below the $180 area but held it upon day's end. VIX jumped above 20 intraday before closing back at 18.56, as traders look to more 'protection' via S&P put options ahead of the election (and Fed Day tomorrow).

The Miners had a nice move to the upside but failed to close above their respective 50-day SMAs.

Have a great day!
Oct 30 2016 - Small & Mid Caps Break Support & The Election... Oct 30 2016 - Small & Mid Caps Break Support & The Election... IWM (Small Cap ETF) & MDY (Mid Cap ETF) both broke support on the daily and weekly charts, which is a big yellow flag for the stock bulls.

SPY & DIA held onto their respective trading ranges, with SPY staying above $212 and DIA above $180.

The FED will announce its latest decision on Wednesday regarding interest rates and now we have the 'email scandal' back on the table as well. The markets do not like indecision so it will be interesting to see how stocks react on Monday. Support levels are provided in the video.

Have a great week ahead!
Oct 27 2016 - AMZN Sinks & AXP Hanging Tough Oct 27 2016 - AMZN Sinks & AXP Hanging Tough AMZN is trading lower in after hours trading tonight. The $750 area is a key technical support level to keep an eye on.

GOOGL is trading just slightly higher after its earnings report.

AXP continues to trade in a 'bull flag' pattern.

IWM (Small Cap ETF) and MDY (Mid Cap ETF) both broke key support again today and now their 200-day SMAs are the next major technical target. The fact both of these 'higher risk' type indexes are breaking support is not a good sign for the overall market. Caution remains warranted for the bulls right now.

Have a fantastic Friday!
Oct 26 2016 - Russell 2000 Violates Support Plus Tesla & Groupon Oct 26 2016 - Russell 2000 Violates Support Plus Tesla & Groupon The Russell 2000 ETF (IWM) lost the $120 support level today by $0.27. There remains a little support at $119 but then an 'air gap' down to the 200-day SMA near $113.82. SPY, DIA and MDY are holding onto their respective support levels for now.

We also comment on TSLA, GRPN, AAPL, CMG, EW and EBAY in tonight's video.

There was no major change in the metals or mining ETFs.

Have a great day!
Oct 25 2016 - AAPL's Earnings & EWwwww... Oct 25 2016 - AAPL's Earnings & EWwwww... AAPL reported after the bell and the stock is currently down around $2.50 as of this post (4:45pm ET).

EW (and for tonight its nickname will be EWwwww) is down nearly 20% ($20). This stock proves why 'protective put options' can be incredibly valuable at protecting capital ahead of an earnings report.

CMG is also trading lower and near its multi-month support range. The $388 is a major key support level to watch.

There was no major change in the indexes or metals.

Have a great day!
Oct 24 2016 - KLAC Follow Through & Trailing Stop... Oct 24 2016 - KLAC Follow Through & Trailing Stop... KLAC gapped higher on Friday and today there was some 'follow through'. In this video, we'll outline two examples of potential 'end-of-day' trailing stops.

SPY, DIA, IWM all printed 'dojis' today, while QQQ went to new near-term highs.

We also highlight BMY and PFE.

Have a great week!
S&P Holds On & Earnings Palooza... S&P Holds On & Earnings Palooza... SPY, DIA, IWM and MDY continue to hang onto support, with only the SPY closing above its own 5-day EMA on Friday.

QQQ's continue to perform the best as it is above all its key moving averages.

AT&T has announced they are buying Time Warner, so it may 'goose' the markets higher come Monday morning. But it will be very interesting to see if the gains can be held by day's end.

This week is loaded with major earnings reports, including Apple and Amazon so be prepared for individual stock volatility.

We also highlight AXP, CF, JWN, KSS, TIF, TSN and X.

Have a great week!
Oct 20 2016 - EBAY 7 to 12% Lower & AXP, X Look Interesting... Oct 20 2016 - EBAY 7 to 12% Lower & AXP, X Look Interesting... EBAY gapped down today and found support at the July bullish earnings gap area of $29. EBAY's downside targets are 7 to 12% lower technically.

WBC (Wabco) sold off hard today with downside technical targets of 5% initially, but potentially 15% lower.

AXP and X are very close to triggering technical buy signals.

There was no real change in the major index ETFs, Gold or Silver.

Have a great day!
Oct 19 2016 - OIH Pushes Higher & TSN Rolls Over Oct 19 2016 - OIH Pushes Higher & TSN Rolls Over OIH (Oil Services ETF) continued higher today (+2.68%) on strong volume. It is on the verge of breaking above the June highs.

TSN (Tyson) gave a sell signal back on Oct 5 and was just rejected at resistance earlier this week. Today, it dropped 1.52% on strong volume. The 200-day is the next technical target.

There was no material change in the major index ETFs.

Gold and Silver remain 'neutral' short-term, but the Miners did pop higher on nice volume and cleared the 20-day EMA. The next target is the 50-day SMA.

Have a great day!
Oct 18 2016 - INTC & CREE Getting beaten up after hours... Oct 18 2016 - INTC & CREE Getting beaten up after hours... INTC and CREE are both down big in after hours trading. INTC is down over 4% and CREE was down 8% as of this video posting. Intel will likely put some pressure on the Nasdaq come Wednesday morning.

With today's 19% move in NFLX, it is short-term overbought on the daily charts. We'll look to the 5-day EMA to play 'catch-up'.

SPY, DIA, QQQ and IWM all came off their respective highs again today, with IWM looking the weakest of the group.

The Miners acted well today but the 20-day EMA remains resistance in the near-term.

Have a great day!
Oct 17 2016 - S&P 500 Clings To Support & NFLX Surges Oct 17 2016 - S&P 500 Clings To Support & NFLX Surges SPY (S&P 500 ETF) is clinging to its near-term support at the $212 area. It is a similar story for the other major ETFs.

XRT (Retail ETF) broke support and the next major target is down near $40.

NFLX (Netflix) is surging in after market hours as it beat estimates.

Have a great day!
Oct 16 2016 - S&P 500 Looks Heavy & Earnings Floodgates Open Oct 16 2016 - S&P 500 Looks Heavy & Earnings Floodgates Open The S&P 500 ETF (SPY) tested key near-term support at $212 (on Thursday) and the subsequent bounce was minimal, leaving SPY in a 'weak' position heading into Monday.

The earnings season 'floodgates' open this week and could easily be a catalyst to break the major indexes out of the recent ranges (along with any Fed commentary).

IBB (Biotech ETF) lost its key near-term support on Friday.

Gold, Silver and the Miners all remain in 'bear flags'.

The Euro (FXE) lost key support as the U.S. Dollar (UUP) broke near-term resistance. The British Pound (FXB) is in a bear flag and the Yen (FXE) is also starting to look 'heavy'.

Have a great week ahead!
Oct 13 2016 - DIA Held $180 BUT... Oct 13 2016 - DIA Held $180 BUT... The DIA (Dow ETF) did hold $180 by day's end and SPY (S&P 500 ETF) also held onto $212 but support is definitely being tested right now.

Additionally, there has been higher volume on down days than up days over the past two weeks, which is a big yellow flag for the stock bulls.

Friday is 'bank day', with C, JPM, PNC, WFC all reporting and could easily cause a gap up or down in the overall market.

We are also watching the $VIX for a close above the 18-level, which would be bullish for it and bearish for equities.

Have a fantastic Friday!
Oct 12 2016 - QQQ's Hanging On... Oct 12 2016 - QQQ's Hanging On... QQQ's are hanging to its 50-day SMA. In the past, the QQQ's bounced after a bigger volume down day but not today. If the QQQ's close beneath Tuesday's low, it will likely lead to further selling pressure.

IBB (Biotech ETF) is at a key support level as well, with its next support level nearly $25 lower.

AA (Alcoa) is also testing a significant support level. If the May & June lows cannot hold near $27, the next significant support level is all the way down near $20 (25% lower).

Have a great day!
Oct 11 2016 - Alcoa Pushes S&P and Dow to Key Support Areas Oct 11 2016 - Alcoa Pushes S&P and Dow to Key Support Areas AA (Alcoa) dropped 11% on 5 times its normal volume today, which sent the major indexes into some profit taking. The SPY and DIA remain range bound despite today's sell off but are now at the bottom of their recent trading ranges. SPY $212 and DIA $180 continue to be key numbers to watch.

The U.S. Dollar roared higher, while the Euro and British Pound sold off.

AAPL finished the day in the green and remains technically bullish.

Have a great day!
Oct 10 2016 - AAPL Running Ahead of Earnings Oct 10 2016 - AAPL Running Ahead of Earnings AAPL has a habit of running ahead of its October earnings report to the tune of 4-5% on average. Today, it jumped 2% alone.

TWTR and BMY just can't catch a break.

We're watching the $75 area on TIF.

The major indexes, gold, silver and miners had no real changes today.

Have a great day!
Oct 9 2016 - Earnings Season Begins... Oct 9 2016 - Earnings Season Begins... Earnings Season will 'officially' kick off on Tuesday with Alcoa (AA). While the overall earnings reports will be light this week, Friday is 'bank day' as C, JPM, PNC and WFC all report. Given the S&P 500 has traded in a range for nearly a month, 'earnings season' could likely provide the catalyst for a break out.

Gold and Silver were sold off this past week and remain bearish on the daily and now weekly charts too.

The retailers we mentioned on Wednesday experienced some nice follow through ahead of the upcoming holiday season.

Have a great week ahead!
Oct 6 2016 - KSS & JWN Follow Through... Oct 6 2016 - KSS & JWN Follow Through... In last night's video we talked about the retailers starting to move. Today, KSS and JWN both broke out over previous highs.

Gold, Silver and the Miners continue to be bearish. With three straight days outside their respective lower Bollinger Bands, a bounce is likely near.

There was no change in the major index ETFs or $VIX.

Have a fantastic Friday!
Oct 5 2016 - Retailers On The Move (TIF, JWN, KSS, M) Oct 5 2016 - Retailers On The Move (TIF, JWN, KSS, M) As the 'holiday shopping season' approaches, some of the retailers are starting to break out of their respective ranges. In tonight's video we highlight TIF, JWN, KSS, M and talk about which stocks look 'better than others'.

No change in the major index ETFs, Gold, Silver or the miners.

FXY (Yen) still has more technical downside to go.

Have a great day!
Oct 4 2016 - Miners Hammered & More to Come... Oct 4 2016 - Miners Hammered & More to Come... GDX, GDXJ and SIL (Mining ETFs) were hammered today on mega-volume. The downside targets on average are about another 10% lower.

FXY (YEN) broke its rising trendline, which is giving the bears an edge.

FXB (British Pound) broke out of its multi-month trading range, giving the bears a technical edge here too.

Have a great day!
 Oct 3 2016 - TASR-ed... Support Still 10% lower Oct 3 2016 - TASR-ed... Support Still 10% lower Taser (TASR) sold off hard today, down 14.79% on seven times its normal volume. Support areas reside down near the $22 area, followed by the $18 area.

There was no change in SPY, DIA, GLD, SLV or the Miners.

Have a great day!
Oct 2 2016 - S&P 500 and Shocktober... Oct 2 2016 - S&P 500 and Shocktober... The S&P 500 ETF (SPY) and the Dow Jones ETF (DIA) could not close above their respective 50-day SMAs, which remains a 'yellow flag' for the stock bulls heading into this week.

From a seasonality perspective, the positive bias (i.e. bullish) does not kick in until the end of the month... so there is still some 'time' for a 'Shocktober' result.

Apple (AAPL) continues to trace out a 'bull flag' pattern.

The Metals and Miners remain range bound.

Euro (FXE) and U.S. Dollar (UUP) are coiling inside 'pennant formations'.

Have a great first week of October!
Sep 29 2016 - Watch XLE Above $72 Sep 29 2016 - Watch XLE Above $72 SPY & DIA continue to be range bound. DIA's key support area remains at $180.

XRT broke down below its 200-day SMA, which is bearish.

IBB had a big down day and its next technical support area resides down at the 200-day SMA.

Have a fantastic Friday ahead!
Sep 28 2016 - Oil Stocks Surge - Targets Given Sep 28 2016 - Oil Stocks Surge - Targets Given Oil and Gas stocks ripped higher on tremendous volume with the latest OPEC news. We discuss XOM, CVX, HES, COP and more.

There is no change in the major index ETFs or Gold/Silver commentary.

Have a great day!
Sep 27 2016 - Unbreakable QQQ's Sep 27 2016 - Unbreakable QQQ's QQQ and SMH both bounced solidly off their 20-day EMAs today. The bulls continue to hold on strongly to these two ETFs.

AAPL remains in a bull flag.

WFC is testing some key long-term support areas going back over a year.

No change in the metals and miners.

Have a great day!
Sep 26 2016 - Russell 2000 Island Reversal Pattern Sep 26 2016 - Russell 2000 Island Reversal Pattern The Russell 2000 ETF (IWM) printed an 'Island Reversal Pattern' today. This is a bearish technical pattern and definitely warrants attention.

SPY has support around $212, while DIA's key level is $180.

$VIX jumped 17.98% today and is now on a daily buy signal, with a technical upside target of 18.00.

Have a great day!
Sep 25 2016 - Dow Resistance Holds & Levels to Watch for This Week Sep 25 2016 - Dow Resistance Holds & Levels to Watch for This Week Dow Jones ETF (DIA) was stopped cold at its 50-day SMA on Thursday and it resulted in a gap down on Friday with the ETF closing near its lows of the day. Caution is warranted going into this week as a result.

Gold and Silver remain range bound, while the Miners were rejected at previous resistance levels.

Biotech ETF (IBB) weekly charts are on a 'buy signal'.

Have a fantastic week ahead!
Sep 22 2016 - QQQ's Breakout & TSN is at it again Sep 22 2016 - QQQ's Breakout & TSN is at it again QQQ (Nasdaq ETF) gapped higher and closed at new near-term highs today.

SPY did close above its 50-day SMA, giving the bulls a technical edge, while DIA was unable to do so (for now).

$VIX crashed back down to the 12 level, as 'fear' got wiped out of the market since 'Fed Day' yesterday.

The mining ETFs (GDX, GDXJ, SIL) were all rejected at resistance today.

Have a great day!
Sep 21 2016 - Fed Day Arrives... Sep 21 2016 - Fed Day Arrives... The Fed (FOMC) decided to not to raise rates and 'may only raise them a few times'. Essentially, nothing new was decided and the markets did not break out of the recent trading ranges (yet).

Thursday can be a 'Fed turnaround day', so we'll be curious to see if any break up or break down out of the recent trading ranges will occur.

Gold and the US Dollar still remain in ranges as well.

Have a great day!
Sep 20 2016 - S&P 500... Ready, Set, Go... Sep 20 2016 - S&P 500... Ready, Set, Go... The equity markets continue to 'go nowhere fast' ahead of Wednesday's FOMC announcement. The recent consolidation should soon resolve itself.

Gold, Silver, Dollar and Euro are also in 'holding patterns' ahead of tomorrow's FOMC decision and commentary.

Have a great day!
Sep 19 2016 - S&P 500 Pressure Builds... Sep 19 2016 - S&P 500 Pressure Builds... S&P 500 ETF (SPY) and the Dow ETF (DIA) continue to trade in 'pennant' formations ahead of Wednesday's latest FOMC announcement. Once the Fed announces its latest decision and provides some commentary about future rates, the markets are likely to break out of the recent trading ranges (and pennant formations).

Have a great day!
Sep 18 2016 - Markets Await Fed's Next Decision on Wednesday Sep 18 2016 - Markets Await Fed's Next Decision on Wednesday The SPY continues to trade in a range from the Sep 9th plunge ahead of Wednesday's Fed decision. Upside and downside technical targets are provided inside the Video. Once the Fed's decision (and commentary) are released, the recent trading range is likely going to be over.

Have a great week!
Sep 15 2016 - S&P 500 Still in a Bear Flag & Apple Soars (again) Sep 15 2016 - S&P 500 Still in a Bear Flag & Apple Soars (again) S&P 500 ETF (SPY) did close above its 5-day EMA today, giving the 5-day time frame a technical bullish bias. But, it remains beneath its 20-day EMA and 50-day SMA. The 'bear flag' pattern is still in play.

QQQ and SMH roared higher today, as did AAPL.

Have a fantastic Friday!
Sep 14 2016 - S&P 500 & Dow Are Precariously Perched... Sep 14 2016 - S&P 500 & Dow Are Precariously Perched... The SPY (S&P 500 ETF) and DIA (Dow ETF) are clinging to their respective recent lows as if they are 'precariously perched'. These are considered 'inside days' and are digesting the recent big move down on Friday and the massive reversal on Monday. The DIA $180 level is key near-term support, as is the $212 level on SPY. The technical edge on the daily charts continues to side with the bears. The downside targets for both the SPY and DIA continue to be their respective 200-day SMAs.

There is no change in the Metals and Miners.

Have a super day!
Sep 13 2016 - Watch $180 on the Dow (DIA ETF) Sep 13 2016 - Watch $180 on the Dow (DIA ETF) The technical charts proved to be spot on in yesterday's video, giving the bears an edge walking into Tuesday's trading. The major index ETFs gapped down upon the open and headed south most of the day.

The $180 area on the Dow ETF (DIA) is a key level of support. If $180 falls, the 200-day SMA down near $175.61 is the next major support area.

EEM (Emerging Markets) and EWZ (Brazil) both broke key support today and are in the bearish camp as well.

Have a great day!
Sep 12 2016 - Is The Sell Off Over? Sep 12 2016 - Is The Sell Off Over? The S&P 500 ETF (SPY) gapped down at the open and then roared back into the green. Despite today's rally, SPY did not reclaim any of its recently violated moving averages.

The $VIX reversed hard and did not close beneath any of its recently broken moving averages. So in short, SPY remains technically bearish and the $VIX is technically bullish heading into Tuesday's trading.

Have a great day!
Sep 11 2016 - S&P 500 Sell Off Begins Sep 11 2016 - S&P 500 Sell Off Begins The S&P 500 lost 53.49 points on Friday, with its ETF losing $5.88. While there is a short-term oversold reading using the Bollinger Bands, the technical direction for this week is bearish. In today's video we highlight the downside targets.

TLT also broke out of its range and has support near $132.

While GLD and SLV are range bound, the Miners were weaker and short-term bearish.

Have a great week ahead!
Sep 8 2016 - Biotech Buy Signal & Tesla Targets Still Lower Sep 8 2016 - Biotech Buy Signal & Tesla Targets Still Lower TSLA (Tesla) was rejected at its 5-day EMA yesterday and followed through to the downside today. Near-term downside technical targets are $190 and then the next major support is all the way down in the low $140's (ouch).

IBB (Biotech ETF) closed above its 20-day EMA, triggering a shorter-term buy signal.

There is no real change in SPY, DIA or IWM.

QQQ and SMH need to be monitored as they both are starting to show 'cracks in the armor'.

Have a great Friday ahead!
Sep 7 2016 - Chipotle Upside Targets of $465 & $540 Sep 7 2016 - Chipotle Upside Targets of $465 & $540 CMG (Chipotle) jumped $24.38 on news of an Ackman stake.

SMH (Semiconductor ETF) closed below its 5-day EMA on well above average volume, which warrants close attention in the coming days.

No change in the major index ETFs or Gold, Silver and the Miners.

Have a great day!
Sep 6 2016 - Facebook & Gold Soar... Sep 6 2016 - Facebook & Gold Soar... FB (Facebook) jumped 2.47% (+$3.12) on above average volume. The stock has soared nearly $5 since we mentioned six trading days ago.

GLD (Gold ETF) popped 1.80% (+$2.28) on above average volume as well. Despite Gold's impressive rally today, it remains caught in a two-month trading range.

The Miners (GDXJ +6.30%, SIL +5.29%, GDX +4.86%) all ripped higher on impressive volume.

The Major Index ETFs (SPY, DIA, QQQ, IWM, MDY) continue to be range bound.

The British Pound (FXB) broke out of its recent multi-month range.

Have a super Wednesday!
Sep 5 2016 - Spotting Trend Changes For Big Moves Sep 5 2016 - Spotting Trend Changes For Big Moves With the U.S. Stock Market Closed today, we'll delve into a commonly asked question... 'How do you spot trend changes for big potential moves?'

We'll use this year's massive trend change in Gold (GLD), Silver (SLV) and the Miners (GDX, GDXJ, SIL) as examples, while keeping it super simple by using just a few key pieces of criteria.

Have a great day!
Sep 4 2016 - The Dow Gives A Buy Signal But... Sep 4 2016 - The Dow Gives A Buy Signal But... DIA (Dow ETF) gave a 'buy signal' on Friday with 'two buts' actually, which are detailed in the video.

VIX rolled over aggressively on Friday.

The Miners bounced on strong volume but still need to clear the recently broken moving averages that still reside above.

FXB (British Pound) remains range bound, while FB, TWTR, AAPL and CF are technically bullish.

BMY did print a 'hammer' on Friday but could not even close above its 5-day EMA.

Have a great week ahead!
Sep 1 2016 - SPY Starting to Test Lower Levels Sep 1 2016 - SPY Starting to Test Lower Levels SPY (S&P 500 ETF) is starting to test lower levels intraday before rallying by day's end. The short-term downside target remains the 50-day SMA, which will tie into the early August swing low.

Just as the SPY is 'probing' lower levels, the VIX is also probing higher levels. Caution continues to be warranted in the major indexes.

The Miners did rally nicely today but they are still below their respective 5-day EMAs, therefore the bears have the day-to-day edge.

Have a great weekend ahead!
Aug 31 2016 - SPY Showing Signs of Weakness & GLD $120 Target Aug 31 2016 - SPY Showing Signs of Weakness & GLD $120 Target SPY is starting to look 'heavy'. Both the $VIX and $RVX are showing signs of strength, which is bearish for equities.

GLD did close beneath the $125 level (albeit barely), which puts the $120 gap as the next downside target. The Miners are getting closer to their downside targets.

Have a great day!
Aug 30 2016 - CF Rips Higher After Buy Signal & Miners Breakdown As Expected Aug 30 2016 - CF Rips Higher After Buy Signal & Miners Breakdown As Expected CF jumped 4.7% higher today on the heels of yesterday's buy signal.

GLD is testing important short-term support at $125. The next major support level is down at the June 23rd gap area of $120.

The Miners sold off very hard today on strong volume. The 'bear flag' and the fact they were getting rejected at previous support levels was an ominous technical sign. Support still sits another 10% lower.

Have a great day!
Aug 29 2016 - CF Triggers Buy Signal & FB Jumps 1.71% From Friday's Signal Aug 29 2016 - CF Triggers Buy Signal & FB Jumps 1.71% From Friday's Signal FB jumped 1.7% today on the heels of Friday's technical buy signal. CF closed above its 50-day SMA and as a result, it triggered a technical buy signal today. CF's next technical resistance is the swing high from mid-July around $28.

SPY did an 'about face' today, closing above its 5 & 20-day EMAs.

The Miners remain in 'bear flag' patterns.

Have a great Tuesday!
Aug 28 2016 - S&P 500 Reversal Warning & Gold and Miners Rejected Aug 28 2016 - S&P 500 Reversal Warning & Gold and Miners Rejected The S&P 500 ETF (SPY) printed a 'High Wave Doji' on Friday. This is a 'yellow flag' for the stock bulls. 'High Wave Dojis' are considered indecision candles and when they are seen near market tops, they are definitely worth monitoring.

Gold, Silver and the Miners all were rejected at previous resistance levels, indicating a continued short-term shift in sentiment (from bullish to bearish).

Have a great week ahead!
Aug 25 2016 - Miner Targets Still 10% Lower & Watching For The Bond Breakout Aug 25 2016 - Miner Targets Still 10% Lower & Watching For The Bond Breakout The Miners bounced today but their downside targets remain 10% lower technically.

TLT (Bonds) continue to trade in a very tight range. We should soon see a big move.

IWM and MDY are acting the strongest right now, while DIA has now spent two days beneath its 20-day EMA. SPY & QQQ remain above their respective 20-day EMAs.

Have a fantastic Friday!
Aug 24 2016 - VIX Buy Signal & Miners Crash Through Support Aug 24 2016 - VIX Buy Signal & Miners Crash Through Support $VIX generated a 'buy signal' today, which should put the stock bulls on notice. The SPY is above its 20-day EMA still, but with a VIX buy signal generated, caution is now warranted.

GLD closed beneath its 50-day SMA, generating a sell signal.

The Miners (GDX, GDXJ and SIL) were crushed today, losing 6%, 7% and nearly 8% respectively. All 3 generated sell signals and are short-term oversold after today's huge move. The downside targets are another 10% lower.

Have a great day!
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