We are at the midway point of the first week of the new year, and things are only going to start getting a little more interesting heading into tomorrow’s jobless claims, and Friday’s employment number. Particularly Friday, we should see a significant move in one direction or the other. As it stands right now the Nasdaq and S&P are looking real good from a technical standpoint, and look to move higher still. My only knock at this point, is that the markets are severely overbought on pretty much every indicator I look at, which might have to be worked off some before the next move higher can commence.
S&P
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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