What influences this market next?
From crude oil, gasoline, and natty gas to the indices, here’s what is going to dictate where the trends head next.
From crude oil, gasoline, and natty gas to the indices, here’s what is going to dictate where the trends head next.
Today’s bounce in the index rallied right into a tight cluster of measured resistance and started to turn back down. It’s too early, however, to know if the move back down is a lasting one.
S&P bounced off of the 200 Weekly SMA to kick off Q4. This week is an interesting one with the NFP report on Friday as well as a few other things that I will touch on in tonight’s market update.
Been watching, stalking, waiting patiently for a spot in Nat Gas and I think we are now just at that spot. I will explain that and much more in tonight’s market update.
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.
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
In Thursday’s review we spent some time setting up for the quarter end and while the action wasn’t exactly what I described, it was close enough to pull down some cash, and may set the stage for an important reversal next week.