The market is trying to go up - Weekly Market Roundup 2nd Dec 2018
Channel: Trading Profitably
Date: 02/12/2018

The market is trying to go up - Weekly Market Roundup 2nd Dec 2018.

Instruments Discussed: USO, GLD, SPY, QQQ, DIA, IWM, PENN, DF, GPS, AWR, etc.

This attempt is visible from the sharp reversal in market indices and ETFs. CUE Headwind reversal signal in several weekly candles also shows the same effort to rise.

Defensive sectors are now weaker. Non-defensive sectors are strong.

In such a market, you will look for fundamentally strong stocks that are in non-defensive industries that are turning around.

I shared such a trade opportunity in Casinos and Gaming industry eleven days ago in CUE traders forum that is open to the public. There are similar other industries that you can identify easily using CUE Edge real-time sector-industry-rotation analyst.

At the same time, defensive sector Utilities that was the strongest earlier is not decelerating most. You will like to book or protect profit in stocks in this sector. We identified an overvalued stock that is showing weakness in technical charts as well. It is time to be cautious and protect profit in any long position and even to look for short opportunities in this stock.

These and much more in the weekly market roundup. Time to click the play button again with a favorite drink near your hand.



This is a demonstration of the way Superior Profit Community members trade Stock, Stock Futures, and Stock Options to generate consistent profit from Stock Market.