Did you know that over 30 stocks printed 52-week highs yesterday?
When everyone is in defense mode, you won’t see many investors looking.
That is, of course, until it’s brought to their attention…
There hasn’t been much partying going on in the market aside from day trades and short term overnights…And even those have been a bit lame.
I apply a lot of famous movie scenes to what I see in the financial markets.
Weird, I know…
But when I’m at the trade desk, I will typically have a movie playing on the TV mounted in the corner of my office.
The last few sessions have put investors on edge… literally.
You can’t tell if the indices are setting up for a reversal or just pumping for the next leg down.
I keep seeing article after article about “All-Weather Portfolios” and “What to Invest in During a Bear Market.”
Sentiment is clearly bearish.
Early on in my trading career, I — like many other traders — developed a tendency to make a common mistake.
Did yesterday’s pump fake you out?
Investors are waking up to a gap down in the SPY as international banks raise rates, Tunisia’s biggest union took a walk, and oil barely blinked.
What industries are set to break out?
That’s the million dollar question.
If this week has shown us anything, we know that no industries are safe when the market gaps down…
HIGH RISK WARNING
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