Sanity Check
Profit-taking and end-of-month shenanigans ruled the last session of the month. Here’s how to keep your focus on trends as June trading begins.
list of daily videos
Profit-taking and end-of-month shenanigans ruled the last session of the month. Here’s how to keep your focus on trends as June trading begins.
Prices surged in April as tensions in the Middle East worsened, which is likely the cause of this drastic drop. However, softening demand and stabilizing inventory is also keeping prices from making any major gains.
As posted BEFORE the opening, the stocks that were held by the most hedge funds would be the weakest today, as funds are too overweight stocks relative to bonds.
With the NASDAQ and S&P stuck in a range, let’s look at what the possibilities are for the range to persist and what will trigger the breakout.
The surge in commodities is bad for bonds. IT makes it much less likely the Fed will lower interest rates, if inflation is rising.
The PCE is coming up on Friday and it is the favored data metric for the Federal Reserve’s outlook on inflation. In the meantime there are some trends to focus on as end of month approaches.
The Squeeze is one of my favorite technical signals and we’re seeing several start to show up on 3 day charts. Let’s dig into the idea behind this timeframe and look at a few stocks that may be setting up into June.
We have a fresh A+ setup on the weekly chart for $QQQ. While things remain a bit overbought in the short-term, this setup points to a path higher for tech. Let’s dive in and take a look.
While NVDA may have grabbed all the headlines, that’s not where the next best setup is waiting. It’s not time to be a bear, let’s look at the relative performers going into next week.
The SPX saw its biggest down day of the month. Is this normal? Is there more to come, and what might be our next targets? All of that in tonight’s video review.