Big Week Ahead
Sam reviews the core markets and the periphery to see how things are aligned into next week.
Sam reviews the core markets and the periphery to see how things are aligned into next week.
Change the time frame and the time horizon, and the current volatility takes on a whole new context—one filled with opportunity for those who know what to look for. In this update, Raghee shares her “sanity check setup” process.
PCE is due up on Friday. It’s one of the Fed’s most important gauges of inflation and probably won’t be quiet.
Overall, markets still look like eventually, they want to tag their 200 weekly SMA.
In this video, Bruce discusses the continued weakness in the overall market. We have had lots of warning signs since the start of the year and have fallen over 10% since then. Bruce is still pulling for the Bulls, but today we broke below the 200 SMA (Simple Moving Average) as yet another Bearish sign. While this type of deeply oversold market can rally very quickly and violently, we need to use extreme caution in this market and only take trades with an edge until the smoke clears. Therefore, we wait and watch and sit on our hands more than normal for not good, but great trades, and be ready to pounce.