In this video, we talk about the drop in market movement we are seeing and where we may go.
The Russell continues to follow through with the clearing range trade I look for each day, and energies keep right on with their uptrend.
The long position in energy got just what the bulls needed in a correction to long position while the Russell was strong in early morning trading… but does the sideways Russell tell the market that fatigue is coming? Not so fast…
I’ve been sticking to 3 specific tickers in the past few free videos. Let’s look at the one I’ve opted to place a trade on and how you can apply the same strategy to SPX.
We’ve got a lot to review this evening, and LULU will be a good spot to start in relation to what I suggested for earnings, and how I’d like to manage that. Then we’ll get into a few individual stocks and what to look for as we get into the end of the week.
With the summer driving seasonal in full swing, a pullback is just what buyers need to hop onto this uptrend.
That’s the name of the game. Also in this update, how we are putting a trailing stop on the long position in the 30-year bond.
