Market Wants To Go Up, But The Bond Market Will Not Let It
Many sentiment indicators are saying we SHOULD have an equity rally. But the continued rise in interest rates makes that harder to accomplish.
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Many sentiment indicators are saying we SHOULD have an equity rally. But the continued rise in interest rates makes that harder to accomplish.
Tesla got crushed today, with a -5.59% move lower on news that Elon Musk is cutting the workforce by 10%. But, I don’t think the pain is over for this stock and that’s why I’m shorting it. Let me show you why.
First changes in $SPY since the October lows. Let’s review the charts and make a gameplan.
This is the longest stretch of heightened volatility seen all year. Here’s what to do in this environment.
Bears were back in a big way on Friday, and while it may seem risky to call for a bounce with the current geo-political situation, let’s at least consider this one technical factor.
After a broad-based rally I think bulls are back, or more accurately, they never really left. Let’s look at that tonight in one of the markets most important sectors.
Many times, when many stocks with big earnings have upcoming earnings, markets have a slight pullback at the end of the day.
In this video, we discuss the wild week we are having with CPI numbers and FOMC today. The market has been all over the place and with PPI tomorrow and earnings season about to kick off, we can expect more volatility. As we have had several large flushes lower, we are now teetering on breaking the long upward Bullish trend we have been in. Where do we go from here?
Chop is tradeable as long as we focus on the market that is not the market we wish it was. This is a bullish chop, and the follow-through favors the bulls. Here’s a look at the chop AND the trends in this environment.
Even when markets were down sharply, many thought traders would bring the markets back to even, as no one wanted to be long or short into the CPI number.