AMZN earnings meet expectations, but during the conference call, unexpected slowdown in growth as well as extra expenses due to investments in other businesses, caused the markets to sell off today. AMZN is close to a 5.5% drop today, and may continue lower next week...
Today we address a common misconception about the correlation between bonds and indices. Many traders make the mistake of believing that bonds and indices always move exactly opposite, meaning bonds go down when indices go up and vice-versa. They are somewhat...
The Federal Open Market Committee (FOMC) helped out the markets Wednesday afternoon by leaving interest rates steady. They also repeated a willingness to be patient on future interest rate increases, and maintaining a robust balance sheet. This should lead to further...
Today we break down the Crude Oil Futures (CL) market and discuss what our long-term swing trading outlook is over the next several weeks. We look at an inverted head and shoulders on the daily price chart as well as a potential support level on the monthlies to...
In today’s video we discuss why you should sell the weakest market or buy the strongest when approaching a basket of correlated markets. Specifically, we talk about how the Nasdaq futures (NQ) were the weakest market today and the Dow futures (YM) was the...
The Federal Open Market Committee (FOMC) meeting is this week, with an announcement set for Wednesday at 2pm. The FOMC last increased interest by 1/4% point, and late last year signaled the willingness to be patient in implementing further increases in 2019. Since...
