Relative Outperformance
Choppy markets are “stock pickers” markets as it’s said. Symbol picking is the key to relative outperformance. Finding symbols with better structure makes for a better watchlist and ultimately better trades.
Choppy markets are “stock pickers” markets as it’s said. Symbol picking is the key to relative outperformance. Finding symbols with better structure makes for a better watchlist and ultimately better trades.
Basically I’m looking to keep it simple, and that means to continue to sell the bounces until it stops working. That said, I am still looking lower for now.
The US Dollar index is holding a relentless bid, but with each passing day it gets closer to “The Spot”. When it does set up a sell and turn, the bid will likely shift to the commodities, so with that… Watch the $DXY. By the way, Coffee looks pretty good.
One of my favorite setups here lately has been 0 DTE spreads on SPX. With this Roadmap in hand, and the US Dollar to guide us, these are the spots I’ll be watching for tomorrow’s trade.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Market has come down to the decision point for the Final Act. In this video, I show you the path that I believe is setting up into the end of the year.
They say Don’t Fight The Fed. Don’t Fight City Hall… The Fed is clearly telling us what they are doing so let’s just roll with it. In short, sell bounces. Sell rallies, because by all appearances, we are still heading lower.
In this video I discuss two very important outcomes based on Voodoo lines and overall heaviness of this market heading into the last week of September.
The AAPL levels cited in Monday’s video were important but that path there was a little different than expected. Let’s review what the current roadmap looks like.