Really Rally
In this video we talk about the market rally after the election results and where we may go from here.
In this video we talk about the market rally after the election results and where we may go from here.
Futures trading the ES, NQ, YM, and RTY really is stock picking and sector plays. We have continued to focus on XLU, XLP, and XLV. But what else is triggering as bulls are feeling confident… and should they be so??
Looking at the intraday and macro pictures, today’s rally is interesting on a few fronts. Not the least of which are the seasonal tendencies for this year.
Money has been flowing out of tech, and with several daily Squeezes, we could see more of that. At the same time it’s important to remember where sentiment stands. Let’s have a quick look at both.
Results of the election will be in focus tomorrow, and where we open will determine what decisions to make. Until then let’s look at a few ways of thinking that should be helpful during volatile trading.
Here’s a simple and effective tool to use for trading the ranges in this choppy and often volatile market.
Elections, House, Senate, spending bills, the dollar… where is the capital going to flow?