Distribution is a market environment that reflects a choppy range-bound market. That is a market phase in the NQ, ES, YM, and RYT. The difficulty of trading distribution is that is doesn’t offer the wide margin for error a trending market does. It can be traded but only if you are patient.
Beans as a barometer? Absolutely. It’s much more in line with the main reason the stock markets remain sitting just beneath all-time highs. What’s the message? Wait for a pullback.
In this video, we take a step back and look at just what kind of beast we are attempting to trade and why it requires zen-like patience. I walk through elements of my macro analysis, U.S. dollar, Crude oil, and more.
In this video, we look at the results so far for the earnings season and what it means for the market.
SPX is approaching new lifetime highs, and I think the question of making it is more a matter of when, but right now things might be a little complacent. If so, it might make sense to look to this Nasdaq name for some bearish exposure.
