The market recovered except for small caps - Weekly Market Roundup 1st Apr 2019
Channel: Trading Profitably
Date: 2019-04-01

The market recovered except for small caps - Weekly Market Roundup 1st Apr 2019.

Instruments Discussed: $USO/$CL, $GLD/$GC, $SPY, $QQQ, $DIA, $IWM, $MOV, $COST,  etc.


In the last market roundup, I had mentioned that it was time to look for shorting opportunities. That was based on the weakness of Russel 2000 (IWM). The other ETFs (SPY, QQQ, DIA) had Memory trendline support as I had observed.

Since that analysis, the market recovered. SPY, QQQ, DIA either went up or remained range-bound. However, IWM continues to be in a downtrend.

In this contradicting market, you may avoid taking many new long positions unless small caps also gain strength.

During today's market roundup I did not find a suitable CUE 360 buy opportunity in the accelerating industries. That is unusual. Though that in itself is not bearish, it gave me a reason to pause.

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 in this market roundup. Time to hit the play button.

This video is a demonstration of the way Superior Profit Community members trade Stocks and Stock Options using CUE systems to generate consistent profit from the market.