Wkly Market Round-Up thru June 15th 2018; Tug-O-War Continues

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Jun 162018
 

Hey Folks, this massive TUG-O-War continues between the bulls and the bears for US Equities! On the Bull side we see record Corporate profits, very strong US GDP numbers with Q2 Forecast to come in over 3% and very strong Consumer Sentiment and Spending! For the Bears we have lurking a ton of Geo-Political risks around possible Trade Tariffs, Euro Skeptic Politicians across Europe and rising interest rates as the US Feds continue to wind down the US balance sheet…so we have a ton of push-pull scenarios that are currently playing out across Global Markets! Get my take on current price action in this week’s Weekly Round-Up in the video.

 

Don’t Be A Rat Brain Trader – Trade Smart !!
hpb

Wkly Market Round-Up thru June 8th 2018; Lions, Tigers and Bears, Oh-My!

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Jun 092018
 

Hey Folks, the markets finished up nicely this week with the NASDAQ and the Russell making new all time highs! And while the DOW had been lagging somewhat this year it was the best performer this week finishing up about 2.8%! And this is with a back-drop of increasing Global uncertainties around Emerging Market implosions; from S. Africa, to Turkey and Brazil and turmoil in the European Union with Italy and Spain…there is plenty to worry about, yet the markets are climbing this wall of worry. In this week’s update I review key factors around the current market price action and where I see near term direction;

 

Don’t Be A Rat Brain Trader — Trade Smart !!
hbp

Wkly Market Round-Up thru June 1st 2018; Market Mania Continues

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Jun 012018
 

Hey Folks, another interesting holiday shortened week for US markets. The DOW gave us 4 days of triple digit moves with each day being different than the prior day. Both the S&P, NASDAQ and the Russell finished slightly higher and the Dow slightly lower for the short trading week. We started the week off with volatility moving higher on the Italian political issues only to see it subside as we moved thru the week. And we finished the week with a strong move higher on very solid Jobs numbers Friday morning. Get my take on the markets below in this Weekly Round-Up;

 

Don’t Be a Rat Brain Trader — Trade Smart !!
hbp

Wkly Market Round-Up thru May 18th 2018; Stuck in mud!

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May 182018
 

Hey everyone, the current market price action shows a slowing of price upward momentum and a level of support just beneath current prices. This puts price action in a chop range which is what we are currently experiencing. The good news for the bulls is that the Russell made all time highs late this week while the DOW was moving into the red YTD. When we have one index, in this case the small cap Russell making new all time highs and the DOW moving into the Red YTD it tends show bullish sentiment for the overall market direction. Anytime we see a more “risk-on” index (in this case the RUT) dramatically outperforming another Index (like the DOW) it does suggest money is still willing to take on more risk at this time…The Small Cap Index is less affected by international trade tariffs and benefits from a stronger dollar whereas the DOW is just the opposite. We will see how all of this is sorted out as we head toward a highly probably rate hike at our next FOMC meeting in 3 weeks or so. For now, get my take on the current markets:

 

Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru May 11th 2018; Half Full or Half Empty?

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May 122018
 

Hey folks, since the end of January’s all time market highs in the S&P 500 Volatility has kept price action very active, mostly to the downside; –well at least until we’ve seen sentiment shift back more firmly to the upside this past week. With the breakout of of symmetrical triangle this past week and moving back into the green YTD coupled with seeing the 200 EMA firmly hold it’s ground shows buyers are still willing to step in if the price is right. Yet we have a good deal of geo-political risk clouding the markets and we can expect Volatility to be very skittish should any move lower be sustained for more than a few days. Here is my current take on the current price action in the markets;

 

Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru May 4th 2018; Strong Earnings vs Geopolitical Risks

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May 052018
 

Hey Folks, thus far first Quarter Earnings are outstanding! And Geopolitical risks are not! These cross currents are weighing heavily on the performance of US Indexes. Get my take on this past week’s market action.

 

Don’t Be A Rat Brain Trader — Trade Smart !!