Clarity and setups are beginning to emerge quickly
Bonds, crude oil, gasoline, and how to trade this index chop, all in this update.
Bonds, crude oil, gasoline, and how to trade this index chop, all in this update.
Stock indexes are shaky at best, but there are a few charts that are holding up well. Three of these four are longer term ideas, while Tesla may have a little more momentum into their earnings report next week.
Several daily charts are starting to show up with Squeezes again, the most vital of which are in the stock indexes. Here’s a few ways to view them inside their current patterns, and the approach for each as we get into October expiration.
How did bonds transition from an uptrend to chop to a downtrend and how do we trade it now?
Energy buys, treasury shorts, and sectors that futures traders should keep an eye on.
I don’t hedge often, but when I do, the charts look like they do now. Here is a low cost, high reward method of hedging using the SPY and a bearish butterfly.
With uptrends in energy, downtrends in defensives, and chop nearly everywhere else, it’s vital to understand which strategy is best in different market types. Know this and any market can be one you can trade.
The indexes are looking pretty dicey, and more likely to test previous lows than head towards new highs anytime soon. Additionally, with bank earnings this week, we have a potentially volatile catalyst that could cause a deeper downside move. Let’s talk about the few setups I see, and how I’m playing this week.
Whether the indices head higher or lower and which stocks could lead the way is all in the direction of key sectors in this market. We have buy and short candidates. I explain where and why in this update.