Staying long crude, heating oil, Dow, and S&P with the longer-term time frames is still what I am focused on. I am watching XLF closely because financials have yanked the ES around this week, but I think the uptrend in XLF is gaining traction and that makes me more bullish YM and ES than the … Read more
The Nasdaq may be the most important index at the moment, and there are several forces to keep in mind as we enter the last expiration of 2017. Let’s discuss levels, components inside the index, along with several new Squeezes I’m looking to enter.
In any market environment, setups that are independent of the rest of the market are always great. In this market, they are great times two.
The USD is in play for the jobs number. The rate hike is priced in. So what’s next for the Dow, NASDAQ, S&P, and financials? I also share how I manage risk in front of major events with price movement range and time.
Heating oil, the euro, gold … all three markets are sitting at key support levels and it’s the turnaround I am looking for. Heating oil adds an extra element: What do you do and how do you trade a market that has just broken a trend?
In this market, you either have to anticipate sector rotation, or stick to stocks that don’t even play that game.