| | The Expected Move Is Keeping Markets Here… But Volatility Lurks
By Don Kaufman
A market like this, where stocks move a little higher and then gently drift lower, can be really deceptive.
There's not much you can read into a market that's down… a point. Financials are down a little, tech is all over the place and news-driven, energy is massively unchanged…
The advance/decline line is… slop-tastic. | It'd be very easy for a trader to see things that aren't there right now. Very easy for a trader to get caught with their pants down.
The expected move has markets penned in in a ridiculously tight range at the moment, but volatility is out there.
I'll show you what I mean with a look at the SPX, which is just riding the upper edge of the expected move. Watch… | | TheoTrade Daily Chatroom Schedule for Thursday, May 9, 2024
9:20 AM to 10:00 AM: I'll call the action at the cash open
10:00 AM to 11:00 AM: Tony Rago takes on NQ, NASDAQ futures
11:00 AM to 12:00 PM: Professor Jeff Bierman teaches market know-how
12:00 PM to 1:00 PM: Gianni Di Poce will scan the entire market for profits
1:00 PM to 2:00 PM: Blake Young shares the latest charts
2:00 PM to 3:00 PM: Brandon Chapman analyzes stocks on "Triple Threat" Thursday
3:00 PM to 4:00 PM: Corey Rosenbloom goes after range and trend plays | TOMORROW… Tony Rago Is Going Golden
Unlike a lot of other guys out there, Tony's approach to trading couldn't be simpler. Forget stocks, forget CEOs, fundamentals, earnings… He trades one asset, backed by the entire $2 trillion tech sector. And he has one profit target: $620 a day. He only moves when he sees one golden setup. Simple but powerful. Now he's showing EVERYONE in the audience tomorrow exactly how his technique works. Click here to snag your spot in the free presentation… | We'll talk again soon, | |
Don Kaufman
Co-Founder, TheoTrade
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