Home construction was hot in the first half of 2021. After taking the summer off to digest the rally we might be preparing for the next leg higher. Timing is everything, so take this into consideration as you start building back into this sector.
Natural gas did something that can shakes buyers off a trade, in this situation I explain why that same pattern is how to you front-run a momentum breakout.
Not much else will matter this week aside from what and how Fed Chair Powell communicates to the market tomorrow. Taper? Economy? Headwinds? It’s all going to dictate the direction of the Fall trading season.
I feel like a broken record saying another new all time high as we hit them day after day, but that is what has been happening. Where does the craziness end and how to trade it? In this video, we look at levels and what to expect from the market.
Another day, another new all-time high. In fact, this is the 51st all-time high for the year which ties the old record set in 1995. One more day of new ATH and we break the record. The question is whether the SPX 4500 level is a barrier to higher prices. We look at levels and the most likely scenarios. We also look at ways to trade this craziness and go over a scalping idea for the SPX I set up in the main room today.
It’s not all about indices and bonds moving higher – although those have been great buys this past month – but rather what is the current list of relative outperformers in futures, the names might surprise you.
This update is cover what the choices are now that the Russell has hit the target for the buy and what the next move is from here.
Although the bigger picture is important, sometimes all we need are a few simple technical signals.
Although it seems like everything is extended here, I like how these two are shaping up.
In this update I get in all the details of the timing, amount, data points, and path of taper to eventual rate hikes. Which markets should we watch and should we wait until after Powell’s speech on Friday.