Decide trade direction based on next week's move: Weekly Market Roundup 10th Nov 2018
Channel: Trading Profitably
Date: 2018-11-11

Decide trade direction based on next week's move: Weekly Market Roundup 10th Nov 2018.

Instruments Discussed: USO, GLD, SPY, QQQ, DIA, IWM, PFGC, USFD, CORE, HTZ, SNBR, etc.

In the previous market roundup, I had mentioned that easier trades would be on the short side. That indeed came true as CUE traders could profit handsomely from some quick short trades as shared in Twitter and Forum pages. What about this week? After the USA midterm election result, the market went up and then pulled back a bit on Thursday and Friday. The market ETFs are at value area. There is no visible advantage to taking long or short positions right now. You may watch the market next week, see where it is headed and then enter the next trade. 

If it is going up, take longs in strong industries, strong fundamental stocks that are at a buy point. And if the market is going down, look for shorts in weak industries, weak fundamental stocks at a short point. 

You could identify such trades using CUE systems following top-down as well as bottom-up approach.

Learn more about the past week and get ready for the next week with this 360 market analysis. Time to get a beverage and 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.