Looking at what the Index might do during the FOMC days next week, and trying to plan for where it may go after. My stance is cautiously bullish after earnings and the Fed meetings ending on Wednesday, let’s find out why.
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.
The United States Oil fund has been rangebound over the past several weeks, but into the summer we’re either going to be up $20 or down $20. Let me know which way you’re playing it, and I’ll show you one position that I’ve started to add into my portfolio.
Apple and Amazon were two of the biggest companies that’d yet to report earnings but now that both of them are down following those numbers, there’s less and less holding the market up and the old May adage may come through as sellers remain in control.
Tomorrow will be a wrap for April and we have a trade set up for that. Additionally I see tomorrow likely being all about the levels highlighted in tonight’s update.
Is Gold finally ready to go? I’m seeing a few things that look worth taking a shot. Let’s look at Gold, Hogs, Coffee, Nat Gas and more.
In this video, we look at the current price action of the market and try to make heads or tails out of it. We continue to have wild swings in both directions, and this is very nerve-wracking, but very tradable if you know how to do it. We talk about the upcoming events to watch out for and where we might go with the overall market.
