Market Reacts To Overnight Developments
on
After seeing a 5 day rally, we have finally hit a roadblock.
Major companies like Apple and Amazon are down in the a.m. after overnight deterioration.
This is a real test for the market, and we’ll see if it has the strength to correct itself or if we’ll see an avalanche of selling.
In times like these, I look for critical support/resistance levels. You don’t want to blindly enter trades — you need to play off important levels to create optimal risk/reward trades.
In today’s video, I will discuss recent market developments and how we should react to today’s news. I’m also discussing why the Far East is getting all shook up over one trader who finds themselves in deep “oily” water.
Related Articles
10/21/2020
The world of collectable trading cards seems to be having something of a renaissance, with certain cards worth over hundreds of thousands of dollars — and with that a rise of trading card stocks to buy has followed. Investing in the right collectable cards could have you seeing twice the […]
10/19/2020
Global shares opened strong this morning after China reported its economy advanced at a 5% annual pace during the third quarter. S&P 500 and Dow futures rose, while most Asian benchmarks also advanced. China was the first economy hit hard by the coronavirus outbreak, and the first to begin reopening […]
07/01/2020
U.S. markets showed strength on Wednesday’s open as encouraging news on the coronavirus vaccine front lifted sentiment. A mixed bag of economic news kept the gains in check as Wall Street awaited the afternoon meeting minutes from the Fed.
More Actionable Trades
