The daily charts of the S&P, NASDAQ, Dow, and even Russell continue to show that there is overall strength and resilience in the equities markets, and to get aggressively short is still a bad idea more often than not.
…But so far there are NO buy triggers for a swing trade against the zones!
I like finding the same setup in diverse tickers. It helps spread risk, while still focusing on the same basic setup. Let’s look at 3 names that currently fall into that category.
The setup in any one really must take all three into account. The U.S. dollar is still the driver, and emerging markets and a hawkish FOMC are the main reasons.