Plus Celeste Lindman gives us a very handy chart
A critical line just crossed in the market for the first time EVER
"Supercharged window of opportunity"
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At the time of print, the futures are currently trading just above a very key number of 4000 on the S&P. I expect a range 25-30 points above and below that number today. I was trained to keep a close eye on price action compared to the Year Open, especially during the first six months. Global economy markets look very different compared to last year. You can see in the table above, global markets are on the overbought side, yet markets can still move higher as they have a mind of their own. Still, a pullback off such strong YTD movement is something to keep at the forefront of your brain this week. Keep this useful tradable list around all year as you digest Q1 earnings and economic data around the world. It's a great time to be alive and trading! | |
- Why This Breakout Will Fail (this rally is full of holes and broken promises)
- This week's Fed report is crucial to stock market momentum
- Two extremely vulnerable sectors right now!
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The banking sector is off significantly. That's only going to prove more challenging as the Fed continues to tighten, exceed expectations on the high side of interest rates, and drive this economy into recession. Banks are going to suffer significantly as a result. | |
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