Don’t Bet Against This Market
Focus on the outperformed and be wary of those corners of the market that are susceptible to weakness as the year ends. Here’s what to be aware of.
Focus on the outperformed and be wary of those corners of the market that are susceptible to weakness as the year ends. Here’s what to be aware of.
In this video, we discuss the continued rally we have had over the last several weeks. We are approaching a 500-point rally which has been basically straight up. With this crazy move, is it likely to continue or are we setting up for a big drop? We go over levels and what to watch for.
First, focus on the daytrades through the end of the month. Second, know the current trend and the closing price of the first day of trading this year. Third, focus on 1-hour swing trades until the window dressing begins around the 2nd week of December.
As some point the music will stop, but for now bulls are dancing and I like their tune.
The shift in the more dovish messaging from the FOMC has triggered more bullish expectations for equities. Here’s what is on my watchlist and why.