Watching ADBE Rise.
MSFT is a market leader, but ADBE is not far behind. Here is why I think ADBE will be the next of our cloud kings to break through overhead resistance, onto new highs.
MSFT is a market leader, but ADBE is not far behind. Here is why I think ADBE will be the next of our cloud kings to break through overhead resistance, onto new highs.
It was fun watching the melt higher as the S&P breached 2850. We can thank the Fed, along with everyone who was short at this level. I continue to be very bullish this market, and with the strong close today, I am looking for higher prices tomorrow. Of course, it’ll run out of momentum — but that time hasn’t come yet. I’m trading ADBE, DIA, COUP, NFLX, GLOB, BA, and CGC.
Today’s bullish action in equities was in large part due to J. Powell staying on message. In the meanwhile, currencies are being upended and energies are behaving. See what’s on the radar for the remainder of the week.
Understanding weightings is vital to a futures trader AND it can also make for very effective stock selection. It’s all about the “Boats and Tide” my friends, and here’s I do it…
In this video, we talk about the FED announcement today and what it means for the overall market — I also give a trade concept in BA.
This is a follow-up to a previous video where I walked through the long setup in FB. Today’s follow-through can be measured with historical volatility and helps give context to the upside targets.