Western Digital Corp. (NASDAQ:WDC) has been pummeled in recent months, and is showing the behaviors of a fundamentally driven bottom. We will be monitoring how this stock reacts to its next correction, and will expect to take a long entry sometime in the next week or two.

  Oracle Corp. (NYSE:ORCL) is working its way through a complex correction on its daily chart. We are watching for an entry to form in this stock, and will update you as soon as that can occur.

  The S&P 500 index proxy (SPY) continues to chop sideways in spite of record, sustained outflows. This indicates that the central banks continue to remain active and this leaves us in a tug of war situation until the political pressures resolve. In the meantime, the bulls remain in control of this market.

  The Silver and Gold Proxies (NYSE:SLV & GLD) are processing a recent corrective pullback. We are stalking a re-entry in GLD and have been holding the wiggle in SLV. We will continue to update our forecast and re-entry plans later this week as the price action unfolds…