A Few Small Repairs
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.
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.
Bonds continue to give the same signal as last week and we want to swim with the current. Let’s review the signal and what it may mean for stocks.
Trading choppy markets means looking at targets a little differently than trends. Here’s where the resistance in chop waits.
When the daily signals aren’t working, it is because of this.
The pullback has been quickly faded and while the turmoil may not be done yet, lower lows in the uptrends are still a buy-the-dip opportunity.
This will be the 2nd time that the Russell has set up a fade buy in the chop. Here’s the trade.
In this video, we look at the big flush we had today after FOMC minutes were released. Is this the start of a downturn of another dip buying opportunity? We will look at levels and try to make heads or tails out of it.