Relative Performance in the Indices
Today’s action is very bearish, and while the broader averages do not reflect enough bearishness to justify a downtrend … certain sectors and stocks do. Here is what is on my Radar.
Archives: Daily Videos
Base Survives Weekend, Now What?
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Sentiment and Semis
October opened with a bit of a bearish tone, but there’s a chance that too many traders are leaning to the short side and that could fuel the next leg higher. If it does, look for semis to participate in the rally. Our current daily signal could be an excellent trigger for that.
Optimism in October?
There’s a lot to consider as we get into Q4. Yield curves, rate cuts, and the political backdrop, all while earnings start to come back into focus. Ultimately we should focus on the charts in front of us. Tonight we’ll review a few of my favorites along with the strategies to trade them.
Bonds and Home Construction Opportunities
For some traders, futures is a scary thing. For others, it’s the launch-pad to more and better trades. Here’s an example of the latter: Long Bonds and Long Home Construction ETF.
Ignoring Data in Favor of Hopium
Some key oversold levels in the broader indices and heavily weighted sectors contributed, but the market is expecting J. Powell to cut this month and save the market, and for some progress with China next week… I am not holding my breath. Remember the upside will be the overbought resistance and double tops we just sold off from.
Base Building Bulls, Part 4
To access this content, you must purchase Bruce’s Income Accumulation System (Monthly), Mastering the Trade Room (Monthly), Voodoo Mastery (Quarterly) or Tr3ndy’s SPX Alert Service (Monthly Trial Add-on), or log in if you are a member.
