The market paused after weeks of recovery - Weekly Market Roundup 9th Feb 2019
Channel: Trading Profitably
Date: 2019-02-10

The market paused after weeks of recovery - Weekly Market Roundup 9th Feb 2019

Instruments Discussed: $USO/$CL, $GLD/$GC, $SPY, $QQQ, $DIA, $IWM, $SKX, $GT, $VSI, $AON, $AJG, etc.

In the last market roundup I advised being careful with long trades as the market indices and ETFs were overbought in the daily charts, and several were in a congestion area. That outlook turned out to be useful as the market did not move this week. All the market indices and ETFs ended with indecisive shape weekly candles. 

Sectors are also showing an indecisive picture.

The market did not move. Sectors are indecisive. That leads me to maintain the same outlook as the previous week, advising caution. Especially so for stocks that are already overbought (Stretched in CUE daily charts).

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.