Correlations Between The NASDAQ And The S&P

2023-08-02 / Joe Rokop

Loading the player...

When there is news that affects the technology sector, you will see that ripple into the S&P. With Fitch lowering the US credit rating, we saw a significant decline in the Nasdaq today. Joe discusses how to trade the indices when there is news like we had today.

For more information on how to sign up for Joe’s Strike Zone live trading program, visit the link HERE.

Joe Rokop

Joe Rokop is a Commodities and Equities Trader, and Futures Specialist. Joe started on the NYMEX trading floor in Manhattan and has experience in both the commercial and proprietary sectors. In the past fifteen years, he has been focused on trading commodities, indexes, and equities through futures, options, and OTC derivatives. Joe has established a comprehensive understanding of the crude and crude product fundamental suite. Since crude oil is a high-demand global commodity, all economic news and events in various market sectors must be analyzed and applied to these trades. His experience as an active trader, as well as his prior experience in a corporate setting, means he’s developed an in-depth knowledge of the ever-changing global marketplace. Joe holds dual degrees in Industrial Enterprise System Engineering and Business Systems Integration and Consulting from the University of Illinois Urbana-Champaign. Outside of this, Joe enjoys soccer and practicing yoga. He believes the physical and mental benefits of yoga have helped his psychology within the trading space and recommends this for all retail traders. His specialties? Trading, mentoring, and coaching; OTC trade negotiation, risk management, networking, market analysis, engineering, and business consulting — just to name a few. His main goal at Simpler Trading is to help others become better traders and realize better results. He genuinely enjoys sharing his experiences, passing on his extensive knowledge, and coaching his clients towards the achievement of their goals.

That's as far as you can go!