This market is range-bound at the moment. $SPY is stuck between 395 and 390.
The market truly might be waiting for next week for a big move. We’ve got November CPI on Tuesday and the Fed on Wednesday.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
This market is range-bound at the moment. $SPY is stuck between 395 and 390.
The market truly might be waiting for next week for a big move. We’ve got November CPI on Tuesday and the Fed on Wednesday.
It’s hard not to notice the strength we’ve been seeing in the metals space lately. This surely is getting the Gold Bugs excited.
We wouldn’t consider ourselves any kind of “bug,” but it’s fair to say we’re biased toward charts that trend. If line goes up, we like to buy. If line goes down, we like to sell. Simple.
If we can get into an emerging trend early — so much the better!
“Poor man’s gold” (as JC called it), might just be starting a big relative outperformance trend that could spell a big opportunity for us.
by Louis Sykes
Don’t listen to people who claim to know the future.
They’re all full of shit.
Technical analysis isn’t a mystical prediction machine. This is nothing but a simple, repeatable, and foolproof process for managing risk.
Whenever we’re looking to buy a stock, a cryptocurrency, or any other publicly traded asset, we always prioritize where we’re wrong rather than how much money we could make.
If you haven’t learned by now that risk management is paramount when managing money, you’re beyond saving at this point.
For us, most trades are rather simple.
by David
From the Desk of Kimmy Sokoloff
The trek lower in the indices continues.
We’re near $SPX 3,900 support. After that it’s 3,860.
We need to recapture 3,960 to head back uphill.
by JC
Contrary to popular belief, I don’t know what the market is going to do next.
I have no way of possibly knowing if the S&P500 is going to double from here or if it’s going to get cut in half. Gold can go to $5000/oz or $5/oz. Crude Oil can go to $250/barrel or $2. I just don’t know.
We all have our ‘opinions’, sure. I mean, how can we not? We’re humans right?
But we’re making decisions with unknown information. [Read more…]
by Ian Culley
It’s the weekly currency edition of What the FICC?
Today we’re highlighting three critical levels with huge implications for the US dollar.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
The US dollar Index $DXY is running into support at a shelf of former highs.
How it reacts will influence how stocks fare heading into the year-end.
Let’s check out three charts and three levels to monitor.
by David
From the Desk of Kimmy Sokoloff
The market took another hit today. We broke below last week’s lows and plowed through support levels.
The $SPX has support at 3,900, then 3,860. Resistance is at 3,959.