Sometimes the action slows down, but in this case, it’s only because our winners continue to run and other entries are ranging into their zone… holding patterns are a time when it’s easy to be twitchy, so we stay vigilant in making sure we have the best relative performers on the watchlist.
There are often two trends that are prevailing in a market but one is far more impactful and that’s the price plus volume trend… as Charles Dow said: All trends must be confirmed with volume. Here’s how I do it.
With all the chop in markets like gold, dollar, bonds and euro, how do we trade the important levels from within the noise and lack of clarity? I cover that and the levels in this update.
ZEN is due to report earnings next week and has some interesting historical data around the report. I’m considering a buy in this area, but would also want to be aware of resistance overhead.
Monday’s open saw some weakness but SPX posted another green close. I think we’re headed to new highs *with this one major catch*. Let’s review in tonight’s video newsletter.
The volatility in healthcare, the chop in index futures, stalls in energies… how are we managing this market?
