The Powell Put and the US/China trade war (optimism) are the reasons for the market strength. Today the market got dealt a blow on further confirmation of a slowing global economy and a setback for the trade negotiations.
Market internals can be helpful in several ways. Tonight we review the $TRIN and a handful of stocks to turn to, regardless of which direction stock indexes decide to move.
Monthly expiration can be a great time to trade, and there’s several ways to go about it. In tonight’s video we spend some time analyzing AMZN and FB into the final hours of the day, along with a swing-based review and the plan for next week.
The end of this month will be likely the most important week of the quarter. Here’s the timing and what the market is watching and waiting for as January nears major earnings releases, FOMC Statement, and more US/China talks in DC.
Dollar, Gold, Bonds, Crude, and much more in this video as well as how to balance a daytrading approach within the larger and negative macro of this market.
