MasterChartsTrading.Com Video Stock Market Recap June 8, 2018

6/8/2018

•Stocks build on recent breakouts in the Small Caps and the NASDAQ-100

•Consumer Discretionary (XLY) Sector is helped by strength in the Retail (XRT)

•Homebuilders (XHB) surge and clear intermediate resistance levels

•SPY is approaching fresh all-time highs.

•The Stock Market is unequivocally bullish

•Bonds and Treasuries are generally bearish and should be avoided or shorted

•The Dollar may be poised for a breakout to new highs

•Forex (EURUSD, USDJPY, GBPUSD, USDCAD, USDCHF, USDSEK, AUDUSD, NZDUSD, USDMXN, USDRUB, USDTRY, USDZAR)

•Gold somewhat indecisive. Looking for clues for the direction for gold from the Forex markets

•Oil could still re-test $61 levels

•Natural gas trades in a narrow range, bearish long-term

•Crypto Slaughter Continues. Bitcoin going down to $6000? Etherium to $400? Litecoin to $100?

Watch this video on YouTube!

Follow me on Twitter, StockTwits, YouTube, TradingView, Stockcharts, and FaceBook!

4 Comments

Frank Jackson

6/9/2018 05:39:17 am

Look for DX to collapse after FOMC meeting next week. It's bear market bounce is nearly complete.

Check GLD and how it has responded in the past when its been this oversold. These false breaks on the charts are manufactured to scare people out of their positions.

We'll see soon enough.

Alexander Berger

6/10/2018 04:49:00 pm

yes, we will know soon enough if the Dollar starts losing ground vs other currencies.
If it doesn't ,then gold will likely take it on the chin

girija k link

7/3/2018 02:05:58 am

Day trading for beginners is like lion taming, except more expensive. It's a risky and challenging pursuit: buying stocks and selling them again in the same day, making money off tiny fluctuations in the price of a stock over a twelve hour period. For many years the tools of day trading were not available to the average investor: real time stock results, analysis tools and access to instant trades.

http://www.livetraders.net/

indira

7/10/2020 04:31:07 am

Hi. Great comment. I don’t have all the answers. My thoughts are as follows:
1) If Feb or Dec 2018 caused massive losses then… you traded too big and too aggressively.
Many people (not me) actually made money in those months.
2) I don’t think there’s any other way to trade than to pick your spots and be patient.
You’re also reducing risk by being patient.
I trade much less frequently than I used to, yet my results are the same (and I have less stress).
If you’d like to discuss, you’re welcome to book a call https://beststockstrategy.thrivecart.com/30-minute-call/
or take the alerts at
https://beststockstrategy.com/memberships/

MasterChartsTrading.Com Video Stock Market Recap June 8, 2018

Leave a Reply.

Archives