Does today change anything?
Elections, House, Senate, spending bills, the dollar… where is the capital going to flow?
Elections, House, Senate, spending bills, the dollar… where is the capital going to flow?
There isn’t a lot of strength out there, but I can tell you where it IS if you want to find it — it’s in healthcare. Let’s look at a trio of setups in UNH, PFE and JNJ.
One of the finer lessons in trading is that you don’t ALWAYS need to be fully invested in the market. We make most of our money at key moments in time where we have the perfect hand. Right now, it’s not one of those times. Yes, there are moves to be caught, and we will discuss setups in retail, healthcare, tech, and financials — but sometimes, it’s better to hold onto your chips.
Crude oil didn’t rally. What does this mean for the oil names and the the downtrend that confirmed last week. Simple. Lower lows.
Gold, copper, crude, euro, dollar, and more. The trends are here and the overall risk aversion is not going anywhere.
Here are two big names that I’m looking at for possible short setups. These names have shown ‘the Switch,’ as well as continued fails at resistance levels.