STOCKS AND CRUDE OVERBOUGHT–WHAT’S NEXT?
Stocks are on their 8th day up and are struggling early on and we have been looking for a pullback into Friday/Sunday. We did let you know intraday that a pullback to cash 5400-5390 might be all we get and then we see higher stocks into the end of August toward S & P cash 5600.
Crude is sideways waiting on the peace talks but we still like buying pullbacks into the weekend as the market looks higher next week.
We still like metals but we do have mixed signals this week and silver getting to 2710 on futures would not be a shock and gold has turned red. We do not like Bitcoin this week and it has turned negative and is lower into Friday.
Tech still looks good on pullbacks and we have updated Mega caps below. This would be a 2 week trade.
We are not clear what will happen in September for stocks but it is seasonally lower and the seasonal low into October will probably happen. How deep it goes will depends on geopolitical events and cycles there are still intense into August 26th when a major world event could happen.
So not much to do without pullbacks into late Friday and Sunday and those are trader plays but if NQ goes to 20100 on futures, there may be some money to be made for traders and NVDA could get to 122-126. Investors have to make sure S & P cash 4950 holds during the Sept/Oct. sell-off and will the trade do anything before the election and will anyone accept the result?
Stay on top of these questions by getting a 1 month trial of Fortucast Timers for 97.00/month.
Click here:
Stay in top of new entries for both price and time and strategies using Fortucast Financial and ETF Timers
OUR FREE BLOGS:
https://commoditytimers.com/blog/
Or :
Try our newsletter for one month for 97.00
For short-term traders and moderately active swing futures traders. Markets covered: S&P 500 T-notes Dollar Euro Gold Silver Crude Oil Bitcoin Futures.
CLICK HERE TO SEE ALL OUR BLOGS AND SCROLL TO THE BOTTOM OF THE BLOG PAGE TO SUBSCRIBE TO https://commoditytimers.com/blog/
OUR FREE BLOGS:
https://commoditytimers.com/blog/
Or :
Try our newsletter for one month for 97.00
STOCKS AND CRUDE OVERBOUGHT:
Stocks are on their 8th day up and are struggling early on and we have been looking for a pullback into Friday/Sunday. We did let you know intraday that a pullback to cash 5400-5390 might be all we get and then we see higher stocks into the end of August toward S & P cash 5600.
Crude is sideways waiting on the peace talks but we still like buying pullbacks into the weekend as the market looks higher next week.
We still like metals but we do have mixed signals this week and silver getting to 2710 on futures would not be a shock and gold has turned red. We do not like Bitcoin this week and it has turned negative and is lower into Friday.
Tech still looks good on pullbacks and we have updated Mega caps below. This would be a 2 week trade.
We are not clear what will happen in September but it is seasonally lower and the seasonal low into October will probably happen. How deep it goes will depends on geopolitical events and cycles there are still intense into August 26th when a major world event could happen.
So not much to do without pullbacks into late Friday and Sunday and those are trader plays but if NQ goes to 20100 on futures, there may be some money to be made for traders. Investors have to make sure 4950 holds during the Sept/Oct. sell-off and will the trade do anything before the election and will anyone accept the result?
