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A Weaker Link?
I’m looking at this reverse head and shoulders pattern on Facebook, and I’m trading it to the downside. Here is my setup…
Where’s the S&P heading next?
With a breakdown of the broader average with the individual sector weightings, the S&P is climbing into an overbought zone.
Eyeing Resistance
The Russell and the transports may have looked strong today with their nice up moves; however, in reality they rallied directly into resistance, and they are the weakest links. Here is how I’m trading them. You can learn more during my webinar tomorrow, which you can sign up for right here: https://www.simplertrading.com/leverage/
Bond Pullback Setups.
It’s the setup we’ve been waiting for, and here’s what else I am watching for trades after Monday’s session.
Eyeing the Weakest Link
The Russell has been the weakest link out of the indexes, unable to breach the key resistance overhead. I’m watching price action closely, and if price fades at resistance come next week, I’ll be trading this one to the downside.
Is this really a shift?
The market rallied this week on hopes of new talks with China, a less-worse-than-expected NFP… Is this the time to get optimistic, or an opportunity to buy pullbacks in gold and bonds and dollars?
Currency Trends to Watch Now.
There are moves that are happening in the currency markets now that show central banks are really on the move… to lower rates. It’s not just about “forex” gang, it’s about how to take advantage of some of the best trends in this market right now.
Energy Market Trends
Natural gas, Crude oil, and RBOB gasoline continue to setup trend trades in this weak sector.
Rising Bias on PHM
Today I am taking a longer term rising bias view on PHM. This is seeing some excellent bullish signals on the Weekly Chart to look at getting long, including a bullish signal on The Compound Breakout Tool. For those who are interested in learning more about this indicator, and how it can help them get great entries for profitable trades, feel free to join me tomorrow in the free webinar I will be hosting. This webinar will also be recorded for those who can’t attend live.
