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…
One of the questions we are always asked here at RBJ Financial Group is… “The world is coming to an end, doom and gloom are around every corner, the zombie apocalypse is coming whatdoitdowhatdoido!!!”
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 update our forecast and re-entry plans later this week as the price action unfolds…
Disney (NYSE:DIS) has topped out recently and is hanging in the balance. The Zika Virus scare has reached the Florida shores, and this cloud dramatically impact the Orlando tourist season. If invested in DIS shares, now would be a good time to revisit your risk management process and exit before things get worrisome this…
The S&P 500 index proxy (SPY) remains under mild bullish control in the smaller time-frames. Nothing has changed in the deeper and bearish zones, so we are stuck on the sidelines waiting until this tug of war is resolved by a an upthrust to the upside…
The Silver Proxy (NYSE:SLV) has broken out to new highs and is working its way through a broad correction. We would expect to see it bottom out in the next week and begin a rally back up to the highs. As it rallies, we will be able to measure the energy coming into the…
OIL is the ETF that follows the price of West Texas Intermediate Crude. While the price is likely to grind higher for the time being, there is an interesting story in oil with all the inventory that is currently being stored rather than transported in tankers all over the world.
The S&P 500 index proxy (SPY) remains under mild bullish control in the smaller time-frames. Nothing has changed in the deeper and bearish zones, so we are stuck on the sidelines waiting until this tug of war is resolved.
There are so many complex systems that we interact with each and every day… Your car… Your smartphone… Chances are you have no real and concrete understanding of how either really works.
The S&P 500 index proxy (SPY) remains under mild bullish control in the smaller time-frames. Nothing has changed in the deeper and bearish zones, so we are stuck on the sidelines waiting until this tug of war is resolved.
Qualcomm (NASDAQ:QCOM) has whipsawed back into the green zone as the bulls and bears battle for supremacy. We will stick to our plan as the objectivity measured odds for success or failure have yet to shift against our position.
