Did today’s bounce change anything?
With today’s rip higher, are we seeing the bulls come back or is it time to set up the shorts? And where?
With today’s rip higher, are we seeing the bulls come back or is it time to set up the shorts? And where?
In today’s video, we look at the wild swings we are having lately in the market and discuss whether the FOMC today gave us any more clarity. We also look at upcoming events to pay attention to.
In this video, we look at the FOMC today and the wild swings we are having in the market. I love this type of back and forth action as my trade types work very well here and we can trade around the Volatility. We will have even more volatility in the upcoming weeks and we talk about earnings season and what might happen. Lastly, we look at some short term trading ideas in the RUT and SPX.
As the broader averages continue to chop and frustrate, there is clarity and there are setups, if you know where to look.
Bonds, crude oil, gasoline, and how to trade this index chop, all in this update.
Stock indexes are shaky at best, but there are a few charts that are holding up well. Three of these four are longer term ideas, while Tesla may have a little more momentum into their earnings report next week.
Several daily charts are starting to show up with Squeezes again, the most vital of which are in the stock indexes. Here’s a few ways to view them inside their current patterns, and the approach for each as we get into October expiration.
How did bonds transition from an uptrend to chop to a downtrend and how do we trade it now?