Can’t fight the FOMC.
The markets have shrugged off weak warnings in financials, China slowdown, three trade war negative headlines, and a potential European recession. In Powell the Market Trusts. Here’s what I see in this environment.
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Three Metals to Keep an Eye On.
Gold, Silver, and Copper are telling an interesting story about the current market sentiment with three setups to watch.
Are Your Indicators Working For You?
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Shorting XLP.
When shorting a stock or sector, look for the weakest link. Right now, one of those weak links is the consumer staples sector. I picked KO to the downside because it is in this sector, and it has the technicals plus the squeeze to back the idea up.
Kicking Off Earnings Season.
Tomorrow morning, we will get earnings results from several key airlines as well as bank stocks. Is the economy slowing down, or not? Well, the tone of this earnings season will be dependent on proof in these numbers. At this point, we are two weeks into 2019 and we have seen a couple stand out sectors. What does that mean and how should we trade them? The market is directly at resistance; let’s watch for a catalyst to make or break this market at 2600.
What crude oil’s losses say about the market.
Crude dropped 2% and after the recent run-up; what does this say about the broader equities rally?
Bond, Gold, Dollar and More.
How are they reacting as traders and investors expect a shift in the statement from the FOMC this month?
Focusing on Market/Price Construction
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