Here are the trade setups to follow this week:
Such a dull market. If you are losing your mind watching the ticks, go outside, take a walk, and come back in. You probably won’t miss anything.Â
My gosh, are the bears the biggest putzes in the known universe? For Pete's sake, its been 200 days since we've had a pullback of any kind! I'm fine trading long, I can make my money just as easily to the long side as I can to the long side, but there is a part
Bulls as they always do, have a chance to bounce this market today. The attempt so far has simply kept the market form having a meltdown, but not necessarily erasing the losses from the past two weeks.Â
Obviously the bears had a fairly difficult time keeping the bulls down from last Thursday’s sell-off. In fact, pretty much all the losses the market incurred by that sell-off has been wiped away already.Â
The bears had their chance, and as they always do they blew it. The S&P 500 has nearly wiped away all the losses on the month so far, and the bears are just getting squeezed all day long.Â
Some solid setups in this list, but the market needs to provide the bulls with some action in order to pull the trigger on some of these trade setups. You can’t get overly long on this market when the street is showing very little interest in it. You do that and go 100% long, you
The bulls are in full swing buying the dip following the opening sell-off. Essentially the rallies in oil and finance today, is keeping SPX in the green just barely. Frustrating for the bears of this world? Yes.Â
The market found another dip that it could not resist buying today, AND Buy It DID! SPX is still dealing with negative breadth in the overall market, but it is improving, and the TICK readings are improving and the VIX continues to crawl into its hole, yet again.Â
The bears are simply trying to show us now, how quickly it can blow golden opportunities. Yesterday’s 20 minute sell-off was impressive. For moment there, it looked like it could really, really get ugly, but it didn’t. Instead a change to the Senate schedule (favorable towards getting health care and tax reform done) was released