There are shifts happening in some of the major asset classes that are very tradable and will also impact stocks. Let’s take a look.
Between potential exhaustion on the daily time frames to intraday trend reversals, we can prepare for corrections and make the market “prove”: that the move is coming. Better still, the correction I have my eye on can give us excellent trend following opportunities.
We’ve seen explosive moves the first two trading days of the year. Which ones are legitimate and which ones are raising red flags?
Focusing on the stocks that are heavily weighted in each index is a component to successful index futures trading. Crude oil, gold, and the dollar are also on today’s agenda. The FOMC Minutes triggered some volatility but did not change minds.
A new year does not mean a new trend, and it’s the same trends that powered the latter weeks of 2017 that continue to have my attention. Here’s where and why I will continue to stay the course … and of course what needs to happen for me to change that outlook.
Although I was looking for money to pour into XLE, I thought we’d see some outflows from XLK. Such was not the case. Here are the trades setting up for tomorrow.