| Endgame 2021: Watch Our Biggest Prediction Yet | | Wall Street is making its move… And now Joy of the Trade Head Trader Jeff Zananiri is prepared to make his.
It all goes down this Thursday, October 14, at 1 p.m. EDT. He's going live to make one of his biggest predictions yet...
| | | | | The Only 2 Bank Earnings Strategies Worth Using | | The stock market moved up sharply to open Monday trading before selling picked up…
We're not seeing any big warning signs to speak of from market internals.
The TRIN, or Short-Term Trading Index, has calmed down from its lower levels late this past week.
Meanwhile, the TICK, which compares the number of stocks rising to the number falling on the New York Stock Exchange, is trending lower on the 15-minute chart, but we have yet to see extreme selling or buying.
But we are seeing a ton of headlines about energy prices as supply issues pushed oil above $81 per barrel over the weekend, with a boatload of names in the sector trading higher.
This is a story that will continue to develop through the winter. Like I said this past Wednesday, traders looking to jump in should wait for flat or down days.
But as much as I love to trade these events, I'm not a fan of playing bank earnings reports… | | | | | 1 Long and 1 Short Stock to Trade the Latest Hot Inflation Data | | The Consumer Price Index rose 5.4% versus the expected 5.3% on a year-over-year basis. Consumer prices are expected to move even higher as energy costs rise and supply chain bottlenecks continue.
Keep your eye on the bond market and how it responds to this inflation news. Volatility is likely to continue with Wednesday's release of the Federal Open Market Committee minutes, the Producer Price Index on Thursday and the Retail Sales Report on Friday.
In this video, you'll discover why CPI data is vital right now… why the put/call ratio keeps bottoming out… how volatility is shaping trading action… an update on small- vs. large-cap momentum… and actionable long and short trades. | | | | "What a valuable lesson I am getting from you. Thanks Roger!"
Choon L.
| | | | A Bearish Divergence signifies a potential reversal into a downtrend, when prices rally to a new high while the technical indicator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again. | | | | Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions. | | | | | |
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