Oversold Bounces Ruled the Day.
Sinking into oversold support zones in the S&P and Dow triggered bounces. Even the NASDAQ participated from a level of its own. So 1) How do you recognize these levels and 2) Now what?
Sinking into oversold support zones in the S&P and Dow triggered bounces. Even the NASDAQ participated from a level of its own. So 1) How do you recognize these levels and 2) Now what?
During this Fibonacci Queen and Simpler Options dual video, Danielle discusses the overall state of the markets and her favorite positions. She looks at the NQ, ES, XLK, XLF, XLI and XLV. She also discusses the $VIX and $PCALL.
After a significant failure of a major area of resistance in the S&P futures, the market saw significant selling this week. However, there are still two sectors that continue to hold up – consumer staples and health care. Let’s look at two Five Star Setups in these names for next week.
After a significant failure of a major area of resistance in the S&P futures, the market saw significant selling this week. However, there are still two sectors that continue to hold up – consumer staples and health care. Let’s look at two Five Star Setups in these names for next week.
There are three, really four ways to trade “money for money”. Currencies are one of my favorite markets to trade and there are ways to capitalize on this movement in the forex, futures, ETF, and options markets.
Don’t get distracted by the noise. FOMC will raise rates this month, NASDAQ and Russell are in downtrends, and the Dow and S&P just bounced off technically oversold levels. Brexit may be softer than expected and crude could still rally once more for sellers to jump back on that ride lower.