Reversals versus Retracements
What makes a bearish market? What makes a downtrend? Have those criteria been met? We have to be discerning about where the dips are valid and where the market is in chop.
What makes a bearish market? What makes a downtrend? Have those criteria been met? We have to be discerning about where the dips are valid and where the market is in chop.
After the Monday session, the question of what downside is there — and is it buyable — is a timely one.
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.
Next week is Fed decision and going into it we see a three-pronged risk monster hiding under the bed. Let’s review the signals.
The S&P has had an interesting calendar cycle between pullbacks and follow-through, so here’s how it is setting up in front of next week’s Federal Reserve event.
Here’s the four-day box setup in natty, what I am waiting on in crude oil, and how I will trade gold on Monday.
We’ve covered ITB in the past but there’s a few things I’d like to add to the current chart that may be helpful into the end of the month. We’ll look at that, along with signals inside key components that should mimic the ETF’s direction.
As markets drift through expiration focus is quickly beginning to shift into next week. Seasonality tells us the potential for a serious correction is there, meanwhile some of our most critical leadership stocks are starting to show up. Let’s cover both sides of the coin and strategies we can apply for each.
Trading lingo can be dizzying… in this discussion we dive into when to fade buy versus dip buy and why the environment for the setup is everything.