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ShadowTrader It was surprising to see the equity market act so bullishly on such poor unemployment data. The unemployment rate rose to the highest level since April of 1983. As long as the equities continue to run higher, we have to assume the dollar will weaken, at least for the near term...more details in today's ShadowTraderPro FX.
ShadowTrader In spite of last week's move higher, this market continues to be somewhat of a mixed bag. Our work this weekend revealed three sectors that appeared on the weekly charts set up to move higher and one sector to the bearish side...more details in today's ShadowTraderPro Swing Trader and the link to the ShadowTrader Weekend Update below.
Source: www.shadowtrader.net
The enclosed video is produced by thinkorswim's Chief Technical Strategist, Peter Reznicek. Each video contains a look ahead at what the market is going to do next week (SPX, Dow, & Nasdaq), along with what sectors are about to move, and specific trading ideas for the coming week ahead.
ShadowTrader
Yesterday's "day after the FOMC" move higher was almost identical to the type of trading we saw the day after the GDP release last week. We are not reading into this similarity or yesterday's lower volume too much, however we are not inclined to let yesterday's rally prompt us to declare that this market is suddenly r...eady to supersede the highs of 2009 either...more details in today's ShadowTraderPro Swing TraderRead More
ShadowTrader This is becoming redundant; the dollar sold off and the equities rallied. The rally was over early in the day, a possible indication of lack of conviction. The dollar sold off ahead of nonfarm payroll tomorrow. We are still in the dollar oversold/bullish dollar camp. We are looking for the dollar to gain first thing in the morning...more details in today's ShadowTraderPro FX.
ShadowTrader
As it turns out, the market did not rip higher in response to the Fed's decision to hold interest rates steady and not change language in their announcement even though this was positive news for stocks. Because of the muted market reaction, we find ourselves moving to a cautiously bearish stance with the feeling of t...rying to solve a puzzle without all the pieces...details in today's ShadowTraderPro Swing Trader.Read More
Ryan Johnson I am thinking the markets sell off tomorrow. The action after the FED announcement was extremely bearish. The dollar gains strength and gold and oil pullback.
ShadowTrader In looking at the net results of the markets, it is apparent that equity investors expected positive things from the Fed. Looking closer at the statement, it was roughly the same as the past 5 statements. Overall the Fed is neutral on the economy. Oil and gold remained relatively flat...more details in today's ShadowTraderPro FX
ShadowTrader Unless you have been too wrapped up in the World Series, you probably have heard by now that the FOMC announcement will be released today at 2:15pm. There are two potential scenarios stemming from this announcement that could play out, and they both have significant implications for stock traders...more details in today's ShadowTraderPro Swing Trader.
ShadowTrader
The equity market initially sold off today, the Dow dropping 100 points early in the day only to regain most of the losses by the end of the day. The dollar was very much the inverse of the equity markets, gaining early in the day only to sell of and close relatively flat for the day. We still are bullish dollars in th...e short term, even going into the FOMC announcement...more details in today's ShadowTraderPro FX.Read More
ShadowTrader
The DX has formed a very clean bull flag over the past week. The fact that it is maintaining a price level above the 20 day moving average is not itself significantly bullish for the Dollar, but it's persistence in staying close to it's prior high has been impressive and keeps the possibility of another leg higher a l...egitimate concern for equity bulls...more details in today's ShadowTraderPro Swing TraderRead More
ShadowTrader The equity markets recovered some today and pressure on volatility ebbed. This is what we expected. The dollar did sell of slightly today. Now we will return to the bullish dollar and yen positions and set up entry points. We don’t expect good news or confidence for the equities during rate announcements/Fed and employment week... more details in today's ShadowTraderPro FX
ShadowTrader Bullish sentiment in the equity markets quickly turned bearish again on Friday. The sell off drove money to the dollar and yen. We do not anticipate the volatility to remain as high as it is but we also expect this to be more than a single day sell-off in the equities. This means we are leaning to be bullish dollar for the week and our trade set ups will reflect this... more details in today's ShadowTraderPro FX
ShadowTrader
Last week's dominance by the bears has put a stake through the heart of the eight month rally that began in March of this year. Now the question is, will the selling continue and how do we play the market going into the month of November?
Details in today's ShadowTraderPro Swing Trader. Also the ShadowTrader Weekend Update with Video Weekly link below.
Source: www.shadowtrader.net
The enclosed video is produced by thinkorswim's Chief Technical Strategist, Peter Reznicek. Each video contains a look ahead at what the market is going to do next week (SPX, Dow, & Nasdaq), along with what sectors are about to move, and specific trading ideas for the coming week ahead.
ShadowTrader The equity markets rallied on positive GDP growth. GDP grew to 3.5% ending the negative GDP numbers seen over the past 4 quarters. This had equity investors in a buying spree and in turn the dollar lost ground. The question remains as to whether this was knee jerk reaction or will this be enough to continue to fuel the stock markets and economic recovery... more details in today's ShadowTraderPro FX
