The major indices are up to start the week, but there’s been no capitulation yet that could be the impetus for the next leg higher.
We need to see high volatility, a big down to expel the weak hands, and then a reversal higher.
We’re seeing higher volume on the way down, so I’d be very cautious.
We have Apple earnings coming this week, and it’s below its 200-day moving average. If it can’t get back above it, there’s a good chance Apple could head lower.
We also have some big data reports coming this week, including the latest Federal Open Market Committee interest rate decision.
The bond market, meanwhile, is still trading below it’s eight-day moving average…
In today’s all-new video, I’ll cover potential capitulation to the downside… is Apple going to pull this market higher or lower… which stocks we need to pay attention to this week… if Consumer Staples and Utilities are still in play… if the Fed is going to raise rates this week… if the Nasdaq is done breaking down… if global stocks are helping or hurting our economy… and the biggest threats and opportunities this week!
P.S. My NEW ProTrader Dashboard Is READY
Today’s the big day!
At noon ET, I’m launching my brand-new ProTrader Dashboard…
It’s part indicator, part scanner… and the best part?
You’ll be able to look over my shoulder as I explain exactly how it works, because it lets us know the strongest and weakest stocks to trade on any given day…
Giving us a free pass to copy the moves big institutions are making — in real time!
I’ve been giving these trades out in my Telegram channel for the past several weeks, and we’ve been crushing it!
So I can’t wait to share this with everyone…