Stocks closed the week on a bullish note, and I think we’ve got some room to run. Select names should be better than the broad indexes, but the path of least resistance is higher, and that’s where I’ll be focusing in the weeks ahead.
As the NQ and ES reach ATH levels (again) the question is how and when to position long and also short. What are the names to watch and how can a trader manage both bullish and bearish outcomes?
Looking at the market from the viewpoint of Relative Out Performers (ROP) that are bearish and bullish makes for flexibility and the ability to be both long and short a market but tactical about which names. It’s an important part of the multi-chart scans I do with members each day, and here’s the current breakdown of those scans.
The bond market may be trying to give us a heads up right now…
This is how I set this trade up last night, making a large index bet.
