Going over the current market and the S&P 500's relationship and tendency to reverse course to the downside when VIX goes sub 12. Also covered in this video is Nasdaq, Russell, Dow Jones, AAPL, FB, COST, NFLX, ATVI, USO, GLD, SLV.
Here's today's video:Read more...
Mixed signals in the SharePlanner Reversal Indicator for now.
On the Daily SPRI you have a downward turn that has taken place since the last reading was published. This isn't all that surprising considering the day-to-day movements play a much greater influence on the daily time frame. The reading, in fact, is already nearing extremes. When you have five straight days of selling, a reversal isn't at all surprising.
Here is the Daily SPRI:Read more...
After completing the five day sell-off, traders are wanting to know when to get short again.
My advice: Don't get ahead of the market - don't try and predict when it will turn lower again.
Just let it do it on its own, and then it will be your job to react to the next sell-off, if it happens again here soon.
The initial reaction following the FOMC statement has been a bit muted, so there isn't much to glean from there.
Like I said, let the price action come to you, don't chase it, don't predict it, just follow it.
Here's the list of bearish trade setups:Read more...
Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests that underutilization of labor resources has diminished since early this year. Inflation continued to run below the Committee's longer-run objective, partly reflecting earlier declines in energy prices and decreasing prices of non-energy imports. Market-based measures of inflation compensation remain low; survey‑based measures of longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate. The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced. Inflation is anticipated to remain near its recent low level in the near term, but the Committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of earlier declines in energy and import prices dissipate. The Committee continues to monitor inflation developments closely.Read more...
Long Whole Foods Market (WFM)
Long Telefonica (TEF)Read more...