The markets have an awesome way of repeating patterns… patterns that have existed for over 100 years. We’re now finding ourselves in the middle of one of those patterns again, Gang. This is a pattern that we saw not even a month or so ago in the Russell. The Russell’s entered an overbought zone. When … Read more
It’s clear that the markets are still continuing to be driven by headlines. So it’s important to note that current headlines tend to have temporary traction, Gang. So if we know that we’re still receiving news of a slowing global economy, we can look to what I call, market structure, to give us an understanding … Read more
As we round out another market week, we have some really cool setups formulating… Like the ones we’re seeing in Gold — specifically the December contract, Gang. Even though it’s stuck in a range right now, there’s a particular zone where you may find some solid setups. Now what I’m going to talk about can … Read more
Again. After the rally we saw at the end of the week… I had a “Countdown” member ask me to talk about my thoughts on it, and what I was looking at to play during market open on Monday. Well in anticipation of a Trade War truce and progress on the many fronts of the … Read more
In a news-driven market like this one, every day there’s a new headline. With that, sometimes things actually fly under the radar… Like what just happened with crude oil. While news about the trade war and the NBA were hitting the market, the Energy Information Administration (EIA) reduced crude oil demand by 100,000 barrels a … Read more
Recently I received one big question from multiple members as the market rallied up and then contracted… “Ragh, If I’m looking at the Dow, are there shorts in the broader average? Or where can I focus on weakness in the Dow?” Well I have a simple technique (that’s already on most charts) that helps me … Read more
and confusion There’s a lot of confusion and concern about follow through in the broader averages… Specifically where are we with the S&P? I addressed the recent sell-off in my last update, but now begs several questions. Are we going to take out that double top? Are we going to see brand new highs again? … Read more