A Chance of Chop?
We’ve seen so much action in both directions in the current market. Could we take a pause and spend some time consolidating next week? If we do, these are 3 tickers to keep in mind for that type of trade.
We’ve seen so much action in both directions in the current market. Could we take a pause and spend some time consolidating next week? If we do, these are 3 tickers to keep in mind for that type of trade.
We saw strength in the latter half of this week, but are Friday’s announcements enough to keep us pushing to new highs? There are spots to consider for both sides of trade. Tonight we’ll review a few of my favorites along with a recap of this week’s action.
It’s distribution chop and we are trading near the highs of the ranges. Here’s the watchlist for commodities and the broader averages that I am watching for exhaustion into next week.
The current rally in anticipation of a Trade War truce and progress on the many fronts of the US/China trade war have carried the ES, NQ, and YM to their (nearly) overbought levels once again…
Is this violent volatile range truly news-driven, or is there something else at play here?
I don’t look to the tweets, headlines, or the stock market… take a look at the message the soybean market and US dollar/China yuan are sending as the word is that “China talks went very well today”.