With the Fed firmly on hold, stocks are in quarter-ending ramp job helped by a falling dollar. We take a spin around the markets and key sectors leading us and then finish with Fibonacci analysis of our new option position in the US dollar ETF.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
The Fed announced we MIGHT get 2 rate hikes in 2016 starting in July. Sure, as long as the S&P 500 is pushing all-time highs on a daily basis!
We came into the announcement with commodity-related positions highlighted in the last video we posted, and also, we put a new options position to work in emerging markets. Let's dive in and I'll show you how we're trading this.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
I wouldn't believe it if you told me either, but material and commodity-related names are actually on the brink of out-performing the S&P 500!
Join me as we dive into the charts to show you this critical development and then set up the trade in the options market.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Into Thin Air is a best-selling non-fiction book of the 1996 Mt. Everest Disaster written by Jon Krakauer. His book was later made into a movie called Everest which gives a chilling visual account of events that took place on the world's tallest mountain. The phrase "into thin air" refers to the altitude and the lack of oxygen at the summit of Mount Everest. Humans can only stay at the summit of Mount Everest for a brief amount of time before the lack of oxygen will cause them to die.
That is sort of how I feel about the markets right now and this particular rally. The major indices without oxygen (in this case, super bullish news) are going to fail. That is how I feel now, but overriding any emotional feeling I have will be the non-emotional Trade Triangles. At the moment, both the Dow and the S&P 500 are indicating a sidelines position. Only the NASDAQ has both the weekly and monthly Trade Triangles indicating a downtrend. Continue reading "Into Thin Air..."
Using the tools of Fibonacci we show you exactly where we think crude oil is headed next and how to play it with options.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
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