Crude and Unleaded Sitting at Support
In front of the API release and EIA, these two major energy markets are sitting on precarious perches. Here’s what the technicals and price action are pointing to.
In front of the API release and EIA, these two major energy markets are sitting on precarious perches. Here’s what the technicals and price action are pointing to.
I have a saying about choppy markets in transition: The “edge” is at the “edge”. Finding that edge in the current environment is still the main focus. It’s the intraday setups that still are where the clarity and risk management are best. Here’s what’s on my radar. Neil’s Weekly Market Update.
Stocks caught fire on the 12:30 print last Friday and haven’t looked back since. The move off the lows has been fairly sharp, but levels off the daily chart tell us this is the most mild and immediate place we could bounce back to. Let’s look at a few scenarios that may unfold from this … Read more
Not all markets are reversing. Some are simply going to deeper corrections. How do you tell the difference and how do you know when and what strategy to shift to? I show you in this video, along with the four main markets we are trading now.
In markets like what we saw this week, the fear of missing out can really creep up on a trader. But, if you know what you’re looking for, two to three well-timed trades sure beats a day of constant fishing. Let’s see what that looked like via the market internals and review where we stand … Read more
When’s the last time we have seen price action like this? Frankly, it’s a toss-up between never (Monday’s sell-off was a record-breaker) and about a decade (think 2007-2008). It’s not necessarily that the markets we are trading have to be changed. It’s the time frame. Here’s how I make that adjustment.
This market has followed the same pattern that we discussed at the beginning of the week. That means this is what to look for on Friday.