A Key Reversal
Nasdaq led the way on Friday, and if the weekly charts are any indication of what’s to come, today was a key reversal. Let’s cover what that looks like technically and some of the best sectors to focus on for the next 6-8 weeks.
Nasdaq led the way on Friday, and if the weekly charts are any indication of what’s to come, today was a key reversal. Let’s cover what that looks like technically and some of the best sectors to focus on for the next 6-8 weeks.
Can it be that easy? To be a one-sided trader in certain environments, when justified? Here’s how we stayed long equities, which market, and crude as well.
It’s still about looking at the markets most resilient in this trade war mindset market. Here’s what is on my radar.
XLY has held up well during the most recent market correction. If we see more of that, we’ve got 3 equity picks to focus on, some possibly better than others! Let’s weigh our options for an entry tomorrow.
We had a good conversation today on managing risk and speculating on things over which you have no control. A quick recap is towards the end of today’s video review after covering the latest on indexes, current equity setups, and a few new bids in PYPL.
In this video, I explain how I use a century-old market philosophy to see the market from a 40,000 foot view and why that kept me long today in the market.
We’re long crude oil and the Russell 2000. I am looking closely at the 30-year, XLF, XHB, and IEO. There are many sectors and sector “generals” to watch in these markets. Gold, the dollar, and the Euro are also looking interesting when (not if!) the tariff rhetoric gets taken down a notch — and I explain why that MUST happen.
Micron (MU) news hit the market hard. Add a Chinese injunction of solid state hard drives and memory sticks to the trade war and you get a sell-off. What are the implications?