Russell 2000 Small Cap Index
This video makes the case for an impenitent correction in the US stock market most likely starting next week or possibly sooner. I also share a few trading strategies on how to capitalize on a potential swift pullback in the market while minimizing & quantifying downside risk (loss potential).
The near-term outlook for the US stock market via SPY, QQQ & IWM followed by analysis on GLD, GDX, UUP & several trade ideas including GILD, CARA & SMH.
This video begins with the near-term outlook for the US stock market via SPY, QQQ & IWM followed by coverage of the following stocks, sectors & commodities that stand out as potential trading opportunities at this time: WEAT, JJG, DBA, CHOC, NIB, $COCOA, FCEL, DDS, M, AZPN, NVDA, SMH, IPI, MOS & POT.
The outlook for the US stock market via SPY, QQQ, & IWM followed by analysis on GLD, GDX, SMH, WEAT, JJG & DBA.
I had an inquiry on XLF (Financial Sector ETF) from member @dpandita. After essentially hitting the measured target for the 2015-2016 Inverse Head & Shoulders pattern, XLF has been forming a Descending Broadening Wedge Pattern. An upside breakdown of the pattern & break above the recent highs would be bullish while a downside break of [...]
Member @jim inquired about my thoughts on TZA (3x bearish/short small cap ETF) within the trading room. I covered IWM in first video that I recorded this morning which I scrapped after completing since it went too long in duration. I meant to cover IWM it in the subsequent market update along with QQQ & [...]
So far, the Q's failed to take out the top of Friday's gap (resistance) on a 60-minute closing basis (the first 60-min candle of each day prints at 10:00am ET so it represents only 30-minutes of trading). While that candle managed to close right on top of the bottom of the gap (i.e.- support) the [...]