The savvy trader knows how to make money in all markets, but the savvy trader needs the right tools and understands charts. Keep reading for a few of my thoughts. Bullish data is desperately needed, or the bull will likely endure more pain. Currently, I see three events that could potentially hurt or help the market. The first event is the FOMC statements this week, the government shutdown, and the China trade issues. Currently, the SPY, DIA’s and QQQ’s are testing areas that could lead to erasing 2017 gains just as we have seen in the 2018 gains.
Transports are looking broken and weak. The Transports ETF (IYT) has broken the bullish weekly trend line,
Watchlist Ideas
We are adding PGR to our watchlist for a short trade. The weekly chart has failed top with bearish follow through. Last week’s weekly candle supported the Bearish Engulf and closed below the weekly50-SMA setting for a Blue Ice Failure strategy. For more information, (entry,Targets, and Stop) please join us in the trading room.A few others that we have on our trade list is MDB, DVMT, PG, KO, TXN, IMMU, NFLX. Past performance does not guaranteefuture results. Learn how to trade before you trade.
Yes, The Little Account Can!
For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.
Trading Services We Offer
Free YouTube Education • Subscription Plans • Private 2-Hour Coaching
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
Comments are closed.