Plus a preview for the week ahead.
Is this a breakdown in stocks — or just a minor pullback? … Why this downside was expected … And major support levels for stocks … Best sectors to trade right now … Are tech and consumer stocks are bouncing — or breaking down? … Major threats and opportunities for the week ahead → Click here to watch now! | |
The 30-minute Reference Bar approach shows the importance of the month open number. S&P Futures (ESU22) fought August month open at 4137.50 right at key number 37.50. It's worth noting. September month open is this Thursday. | |
The Fed's highly-anticipated Jackson Hole meeting was underway Friday and it certainly had a chilling effect on the market.
Friday's Daily Pick zoomed up in our favor immediately. Check it out right here! | |
Kind words from our best students: "Two contracts at $7.77, then got out in two steps for an average of $10.92 for a 40% profit. I should have purchased more! It looks like it got up to $12.75 at the close." — Alan R., a follower of Don Yocham | |
RISK DISCLAIMER There is a very high degree of risk involved in trading. InvestPub and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. | |
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