Morning Market Report RSS
Test 05-27-21
Sit Rep: TLT possibly could break lower today and run to 128. The Fed talks today at 2 ET. Earnings from some big names on Thursday. Volume is low. This is not good for any sustained rally. We need volume by Thursday. Yesterday’s action was plain ugly if you’re a bull. The only slight positive to the markets is an uptick in put buying in options. Just waiting now for the Fed at 2 PM. Look for even lighter volume until Powell talks. Watch for updates after. We bailed...
Compete to Win Test 03-16-21
Week of March 15, 2021 Compete to Win © Leveraged Trading to Build Assets Overall Sentiment 03/14/21 Consolidation and possible topping action in January, followed by a mid-February sharp run to new all-time highs before reversing, saw downside follow-through that tested primary support. While that support has held thus far, the overall market remains in a somewhat fragile state. To me, the coming week is a very important indicator of the near-term direction, and bulls would like to see the Nasdaq pulled higher by strength in the Dow & S&P. Significant liquidity in the economy raises the prospect of inflation...