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Monday, May 15, 2017

Stock Market Update 5/15/2017

Oil and energy continue to break out, after calling the bottom in last weeks interview, with Dale Pinkert, and crew.
$GJX Energy breaks above the 200 day ma.

$SPX continues to break out... regains support above 2392, as I predicted going into Friday's close.
Once the market breaks out to new highs, Money Managers will be forced to put money to work, and that will lead to more short covering - leading into the summer break.

 China continues to break out.

The NASDAQ may roll over and consolidate lower going into the fall, as predicted last week.

As always ignore the idiots - on Twitter - trying to throw a monkey wrench into my winning analysis. These are probably the same folks who tried to shake us out last week.


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