In this video, see how the joint news of the midnight Trade War and the Jobs Report - both pre-market - could set the stage for a volatile Friday. Picking up from Tuesday's video, we highlight the key levels in /NQ /ES /YM and /RTY for possible breakout (short-squeeze) targets or continued range contraction - and take a quick look at HOG for an example of a stock 'victim' of the trade war (random volatility)....
1 Comment
Shawn Little
July 5, 2018Since the price of oil remains strong along with strong real estate and construction markets jobs are plentiful for those who want to work. Inflation is tame for the foreseeable future according to the fed minutes. Demand for American natural resources, agricultural products and technology are very strong. Any "trade war" dip is just an excuse to get retail investors to give their stock away. The market is just consolidating its unprecedented gains. Worldwide gains. The bull market remains intact. There are more than five stocks holding the market up. Do some relative strength scans to find them. HOG is a t-shirt and purse company that is held by way to many pension plans. Demand for the bikes is almost non existent. Michael Kors will probably own the brand soon. Has nothing to do with the price of steel. My Japanese car was made in Mexico so it shouldn't matter. Don't forget about all the private companies that make this country great. Never invest based on anyone else's opinion. If you don't understand exactly what your investing in, your gambling. If you do understand what your investing in then fear wont have an impact on your decisions. Right? BTW people are tired of paying $7.00 Dollars for coffee. Wasn't mentioned...