How to Succeed in Neutral Markets
Take a look at this video and see how Joe is able to succeed in Neutral Markets, despite a lack of trend and direction.
Take a look at this video and see how Joe is able to succeed in Neutral Markets, despite a lack of trend and direction.
Like the song title, The Song Remains the Same, so is the case in this mid week update. There is nothing to see or report here. All remains the same as the earlier, Monday night, video.
In this video, we look at this week’s price action. We are getting a lot of movement, but it is a range-bound move so far. I think we break out of this range very soon and I go over all the reasons why. We look at index levels and try to determine where we might go and how soon.
In this video, we look at this week’s price action. We are getting a lot of movement, but so far, it is a range-bound move. I think we break out of this range very soon and I go over all the reasons why. We look at index levels and try to determine where we might go and how soon. We also look at 2 winning trades that I set up this week so far.
With the insane amount of choppy price action under resistance, using the SPY 4 hour slingshot squeeze as a guide may be the best way to gauge the direction and time of the breakout.
$MRK — I have been waiting several weeks for a chance to hop into this ticker. This week may be the time that the stars align and we can ride it higher to +$95.
Whether short or long-term, whether trending or chop, these two plans can set us up for summer and it involves a plan for trend following and one for trading with a much more nimble approach.
There are trends that are on the cusp of following through and we have a new group of names that are trending with the macroeconomic data and central bank messaging. That is the focus as we head into June and the focus of this update.