Continued watch and see suggested - Weekly Market Roundup 27th Jan 2019
Channel: Trading Profitably
Date: 2019-01-27

Continued watch and see suggested - Weekly Market Roundup 27th Jan 2019.

Instruments Discussed: $USO/$CL (futures), $GLD/$GC (futures), $SPY, $QQQ, $DIA, $IWM, $WDC, $STX, $NCR, $LANC, $EXP, $BANR, $WABC, etc.

The market is in a longer-term downtrend. However, it went up sharply for four successive weeks and then paused this week. Several market ETFs stopped at or near Memory resistance trendline. Price is also between the white and yellow (very slow and slow) Direction lines, showing the direction is not very clear.

Under such a situation, it may be wiser to wait and see where the market turns before deciding your next swing trade.

As usual, we also carried out the sector-industry-fundamental-technical top-down analysis to locate low-risk high probability trade opportunities where forces from industry, fundamental and technical are aligned together.

These and much more to be ready for the coming week. Time to hit the play button.


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.