The market continued to gyrate back and forth this week creating a difficult environment for traders. For the week, the S&P 500 Index (INDEXSP:.INX) traded up, down, up, then down again. It was only a 2 percent range but the back and forth action tends to stop out trading positions on both sides. And that can be frustrating.
But we use stops to save capital so we can find another solid setup or trading entry. So it’s never wise to question their purpose.
That said, anticipation is in the air. We are well into the September, a month that has lived up to its billing of bearish tidings. Around the corner is October, where the market has seen several big moves. So this is probably a good time to stay focused on your plan and pick your spots carefully.
On a positive note, Technology continues to fair well. The charge was lead by Apple, Inc. (NASDAQ:AAPL) this week, with shares gaining over 11 percent in a weak tape. Wow. Just wow.
We have some great trading blogs and investing articles for you this week. Enjoy.
MARKET INSIGHTS
Chart of the week: The Nasdaq Composite continues to outperform the S&P 500.
Updated Stock market outlook – Mark Arbeter
Apple shares may be headed to 150 – David Busick
Should we be worried about the disconnect of stock prices and bond yields? – LPL Research
Fund managers current asset allocation – Urban Carmel
There are two types of corrections – Ivaylo Ivanov
If you’re buying, who’s selling? – Michael Batnick
This chart has suggested selling bonds since June – JC Parets
Notable themes among ETF closures – David Fabian
Stocks move in the direction of range expansion – Pradeep Bonde
RESEARCH
Kahneman on human gullibility – Farnham Street
10 Facts about the changing digital news landscape – Pew Research
Africa still rising – Project Syndicate
The most interesting phenomenon in today’s job market – BlackRock
The smart home of tomorrow – Visual Capitalist
How to make your mind happy – Barking up the Wrong Tree
What we need to change goals into last changes – Brett Steenbarger
Thanks for reading.
Be sure to check back next weekend for more links to high level trading blogs and investing research. Thanks for reading “Top Trading Links”!
Twitter: @ATMcharts
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.
