End of Quarter Reshuffle
The dance is about to begin as the market is getting a glimpse of the end of quarter rebalancing that the strength in the 10-year has triggered.
The dance is about to begin as the market is getting a glimpse of the end of quarter rebalancing that the strength in the 10-year has triggered.
A week bombarded with Fed-speak, end of quarter concerns triggered by the uptrend in the 10-year yield, an OPEC meeting just over a week away, and the US heading higher (but I don’t think for much longer) is making this week a bumpy one.
Today we’re going to dive into the tech sector, including the NQ futures, to look at whether tech has broken out.
But there is plenty of evidence that shows that it’s only a break, and that grains, silver, crude, and US dollar are still in play for our trades.
The markets have been whippy, but in great news, we are entering the Run into Earnings. I have several hot picks that are backed by stats in the Hot Zone. Let’s look at MSFT, SNAP, JPM, NFLX, TXN, and more.
Netflix entered the Hot Zone, which means it’s in range to setup pre-earnings momentum trades. Let’s talk about the levels I’d use, along with a butterfly that I’d use to trade it.
There is a Royal setup in CPRI that has triggered on a 5 minute chart.
The first Quad Witch of 2021 has come and gone and the markets are largely choppy and sloppy into next week. Let’s take a look at W as one of the better setups going into Monday’s trade.