After today’s flush, we find the markets deeply oversold with a lot of traders leaning short. Is this a recipe for a short-term rally to the upside? Let’s take a look at what our new indicator, the Big 3 bars, are telling us.
The markets finished today’s session with bearish Big 3 signals on every time frame. In order to see any reversal to the upside, here’s what I’ll be looking for tomorrow.
In this chop, there are three ways I am navigating through the price action, which has been frequently volatile and unpredictable. But we can tame it if we know where to look. Here is the breakdown.
Taking a look at three time frames and time horizons to keep our pipeline of opportunities full. Here is the way I am dealing with the volatility and unpredictability of this market while we wait for a rally to sell into.
In this video, we look at today’s FED actions and the market’s reaction – The FED announced today a 75 BPS rate hike in an effort to try to slow down inflation. This is the fastest pace in 30 years and will have a negative impact on the economy and likely the stock market. Will this move work and how long could it take? The better question is how in the world do we trade this market?
In this video, we look at today’s FED actions and the market’s reaction – The FED announced today, a 75 BPS rate hike in an effort to try to slow down inflation. This is the largest rate hike in 30 years and will have very negative impact on the economy. Will this move work? Will this cause a recession? How long could it take to recover? The better question is how in the world do we trade this market? We go over several trade ideas and an outlook for Friday.
There are two symbols I’m looking at for their potential of bouncing from key levels. If they do show up there may be a third we can add into the mix for trading opportunities.
Today we heard from the Fed with its rate decision. Next we move to Quarterly Expiration and then a Holiday Weekend. Said differently, 1 down with 2 to go, or… Next!