The markets continue to trade sporadically, and it looks like we may end up right where we were looking last Friday. This means I’d be open to this type of trade for the weekend.
Crude oil is consolidating into the narrows of the triangle. Here’s what you may be missing about that break today. I also cover the intraday 30-year, Nasdaq, and S&P action.
These are the important levels on the indexes as we head into the end of the week, though this particular stock doesn’t care about any levels.
IYT is a good ETF to analyze when wanting to trade the transports. The transports are a key component of the overall market, and tonight’s roadmap will help you navigate its swings in the immediate future.
Will the pullback today in the Nasdaq, S&P, and Dow bring back the BTFD crowd? This increasingly looks like staying nimble is the answer, especially if the lows are not triggering the buying that has been a characteristic of past weakness. This video is part workshop and part explainer to the price action we’re dealing … Read more
The end-of-day charts took a backseat to the daytrading, but as the daily time frames are organizing, the pound, yen, gold, unleaded, and heating oil markets are starting to give us a better look at some solid opportunities. Neil’s weekly market outlook.
Equities saw some follow through on Monday and we may start to see more chop as we get into expiration, but there are a few key retracements we need to be aware of. We’ve got key levels in the yen as well as the transports, and these charts will drive the next move in stocks.