Updated…What I am Watching into tomorrow

1      Are the Small Caps Still Leading (Up or Down) like they have for 3 days straight?

If this market is going higher Right Now…small caps will lead. I am intermediate bearish here. Upside is limited, market needs to go sideways.


2     Does the Nasdaq  (closed an inside day yesterday) break up or down?

Set a new ATH but closed off the highs. See what tomorrow brings.


3     Does the Dollar Hold this Breakout and where does it close tomorrow?

Yep, Pretty defined Breakout. If this ends like this tomorrow it is hard to be Bearish Dollar anymore…


4     Do Bonds or Gold show ANY signs of life and is it significant at all?

Bonds had an inside day. Gold go smacked. With the dollar breaking out Gold will get smashed. The Euro holding may be Gold’s only chance…

5     Does the Euro take back 1.0500? 

Nope, not yet anyways. Tomorrow if a HUGE day for all of Currency Land.

I think the Euro is the key to what happens with all of these next.


6     Does Crude Hold $50?

Yep, if you weren’t long this is a great spot to buy with defined downside risk.


7     Do Biotechs (IBB) take back the 200 Day MA at $275? 

Progress, Need a strong Weekly close to end the week then I will be more bullish on Biotechs.


There are many things at very important inflection areas here.


One response to “Updated…What I am Watching into tomorrow

  1. Pingback: The Closing Prints – Weekly 12.16.16 | The Big Breakout·

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