Our weekend version of our market outlook covers a busy week of news and highlights.
As always, we highlight all the ins and outs and trading levels for traders. We also share our trade idea of the day.
Below is a summary of what’s in the video. Please feel free to comment or hit us up with any questions.
– Recap of current market posture and what to expect next week heading into important earnings cycle
– Bullish short-term trade signal showing up on Market Forecast indicator for S&P 500, Dow Jones Industrial Average and Russell 2000
– Trump CNBC interview and tweets re: China/Europe as currency manipulators had impact on global markets and asset classes
– Beaten-up international stocks rebound in a big way with drop in U.S. dollar
– Developing bearish reversal price pattern with evening star candlestick pattern showing up with today’s move
– Sector rotation favors lower-yield dividend-paying companies with high-yield stocks in Utilities, Real Estate and Telecom lagging
– Today’s trade idea highlights a bearish pattern on stock from Utilities sector and how to trade the signal with discussion on risk management
Twitter: @davidsettle42 and @BrandonVanZee
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
