Bit of a crazy week in the stock market to say the least. Over 260 stocks hit 52-week lows this week… The market proved as volatile as ever… And Powell’s speech and the Fed raising interest rates another 75 basis points didn’t help much…
AK and I have some huge things in the works… In fact, I’ve been so busy transitioning to the new Trade Room software, I didn’t even have time to write an article this week. I’ve also been prepping my option education courses for the 3PM Trade Room sessions…
There are a few tried and true technical indicators with clear benefits to predicting market moves. The one I’m watching closely this week is RSI, or Relative Strength Index…
No sense dressing it up… Stocks got wrecked this week. S&P 500 down almost 7%, and NASDAQ down almost 8%. Yet, with portfolios down across the board, my newest strategy continues to produce quick winners…
Last week we talked about hedging instruments and how “levered” they are. These tools can tell us how much a specific instrument will move relative to the broader underlying market. And we got a great example of this on Tuesday, with markets making their worst single-day loss since 2020.
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