Are We Out Of The Woods, Or About To Enter The Fire?
Is it a fact that the biggest one-day rallies happen in downtrends?
Is it a fact that the biggest one-day rallies happen in downtrends?
In this video, I highlight how the reflation trade continues to influence which markets we want to put on our watching and how commodities are creating relative outperformers in this environment.
We’re swinging the bat at those reflation trades which continue to outperform. US dollar, corn, copper, crude oil, and the Dow components are in play.
The momentum market has rolled over and died, but it forgot to take DKNG with it. It’s a honey badger, and it is holding up nicely on the 50 SMA, where buyers keep coming in. Let’s look at an entry point and talk about how I’m controlling risk.
As silver sinks lower, is it a downtrend or an oversold level? I explain the setup in this video.
In a fashion unlike what we’ve seen in recent history, the Nasdaq continues to get pummeled while value stocks, particularly those in finance, industrials, and energy stocks trade higher. While I don’t find a lot of opportunity in those, I do see opportunity in shorting the dying momentum names, along with a couple buys on diamonds in the rough. But, don’t forget — cash is a position, too. Let’s look at PTON, DKNG, CHWY, TSLA, DHI, XHB, and more.
Crude, copper, corn, beans, cattle, hogs, and US dollar setups plus how to use my favorite intraday reversal pattern as a confirmation or stand-alone setup.
Volatile week for the market with continuation of the bond issue from last week. Powell didn’t help things either, so we go into next week with mixed signals. Let’s review the sectors and core parts of the market to see how things stand.