The Week Ahead...
Hi Toolbox Fans...
We are caught up in the holiday rush. Nobody has the time to go live tonight. The market is in an interesting position.
I noticed that the S&P is sitting right on the 50 day, the DJIA is sitting right on the 50 day as well. The Russell 2000 is sitting right on the 200 day however the NYSE Composite has already lost the 50 day and the 200 day.
Given what these charts look like we could see a bounce this week off of those major moving averages. OR... If the NYSE is leading the way we could see more weakness in the Dow, Russell and the S&P.
How the market opens tomorrow will be very important to watch.
It looks like the Japanese elections went off and left "Abenomics" as the order of the day. This may have some impact on the markets as well.
ALSO... There is some important economic activity this week not the least of which will be the Fed Meeting and "rate decision". We all know the rates are going nowhere.. but the language is what will make the headline.
If you didn't catch last weeks special event about how to screen for stocks to trade with the Stock Pivot trade Analyzer you really missed out.
Now you will know exactly how to find the best "trading stocks" and you'll have the software to generate the signals.
It is the one-two punch of short term trading.
All the best stocks, and great signals!
We'll see the members in the morning!
Until Next Time...
Best Wishes and Good Investing,
Doug Newberry
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Swing Traders ~ Day Traders ~ Investors
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