Is the Rally Over?
In this video, I discuss the daily action in the indexes, and what is on the horizon that will impact the market.
In this video, I discuss the daily action in the indexes, and what is on the horizon that will impact the market.
Crude oil smashed its 68% Probability Range and sold off over $4 in a session that saw the bears firmly in control. What does this mean to the narrative that some say has crude oil at $100 by year’s end?
The market didn’t sell-off, but it sure ain’t happy. What does gold, the long bond, euro, and the dollar say? And more importantly, what are the trades there?
If this asset class is going to roll over, how do we play it?
Not only did the market explode to the upside while I traveled, this chart makes the move even more bullish.
Another U.S. list of tariffs was announced after the Tuesday close. This sent equity futures sharply lower. Beyond equity futures, which markets get hit by tariff news?
Crude, gas, euro, dollar, bonds … these are still on the radar but with only a very brief break from the tariff narrative, the markets have to switch from SCOTUS and NATO to a new list of tariffs and a next salvo in what is indeed a trade war.
Transitioning from risk-based stops to trailing stops is an important skill to learn. The current trade in the Russell is a great example of how to hone this all-important skill.