Last Week Of Summer
This week we find ourselves opening and trading between two areas of balance. Question is, as always, up or down? I have a twist for this week’s plan that may involve both. Let’s take a look in this week’s plan.
This week we find ourselves opening and trading between two areas of balance. Question is, as always, up or down? I have a twist for this week’s plan that may involve both. Let’s take a look in this week’s plan.
Mostly updates and plans for continuation of existing positions, but there are a couple of warnings. Main warnings appear to be in the Feeder and Live Cattle markets. Updates are mostly good including Coffee, Rice, Wheat, Corn, Beans, etc…
The market continues to sell off From Powell’s hawkish speech Friday. The market won’t just go straight down, but I think we will be seeing new lows over the course of time. That said, there are still some bullish areas if you are interested, but be sure to find your lower risk entry point.
The market continues to sell off from Powell’s hawkish speech on Friday. I think we will be seeing new lows over the course of time, and for many stocks, that will be the easier play. It’s not all bad out there, since commodities are starting to move up as perhaps a nod to a stagflation environment. Uranium has been a big talk since Japan said they were renewing interest in nuclear power.
I have been citing the S&P 500 Voodoo fireline at 4083 as an important level to watch in determining if the market will turn back down. After breaking the level on Friday, it remains important as short-term resistance.
Follow up to last week’s video where we were looking at early signs of weakness across markets. Today we got confirmation.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
In today’s video I discuss the completion of a cycle that’s been in play since July and why making a low into /ES 3900 makes sense. Other topics include how to trade gold and why it’s a hurry up and wait scenario.
In today’s video I discuss the completion of a cycle that’s been in play since July and why making a low into /ES 3900 makes sense. Other topics include how to trade gold and why it’s a hurry up and wait scenario.