The Mesmerizing Bitcoin / Blockchain Trades

This is the regular market report, with an extended section on Bitcoin / Cryptocurrency at the end. The Bitcoin section will be released to the public later today too. For now, let”s review some of the areas of interest in Wednesdays markets.

SPX –No change in expectations from yesterday.

You want to keep this in mind though…

That SPX is due for a dcl and a drop below the 10sma will be a warning shot. In my mind, I actually think that we could sell offfor a bit in Jan of 2018, when people can sell their gains made during the the 2017 year, and not have to pay taxes on them until 2019.Please keep that possibility in mind.

WTIC –The inventory report came out and Oil did stall at that $60 area. It still looks bullish, but the COT has me cautious. I am not long or short this sector currently.

GOLD – If the USD bounces out of a dcl,I think that Gold will resist any major lookingselling.It may pause or go sideways.I will give ideas when we look at GDX / GDXJ. Please read the chart.

GDX #1 – So far we caught this entire move out of the lows.THIS IS JUST A GUESS, AN ESTIMATE, 3 IDEAs OF HOW THIS CAN PLAY OUT. Since Day 10 is too early to peak out of an ICL, I'd picture a dip and another run like this, all in 1 daily cycle or…

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