Happy Presidents Day! A prepared trader is a generally a profitable trader, and long weekends can be the best time to study up for the coming week ahead. In this weekend’s analysis, we focus on the brand new features now available and take a quick look at the broad market ETFs in our video update. Continue reading Presidents Day Weekend Update – The Grind Higher Continues
Most traders have noticed the inverse relationship between the dollar and commodity prices—include crude oil. While this isn’t surprising for commodities priced in dollars, the inverse relationship also holds true for commodities priced in other currencies. Commodity traders should keep these relationships in mind when trading futures contracts, particularly when the dollar index experiences significant movements due to interest rate decisions or other factors.
Let’s take a closer look at the relationship between crude oil and the dollar and what it means for traders.
A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. In this weekend’s analysis, we have one of our affiliates, Kevin Smith, join us and chat about some broad market charts and technical charts into the week ahead. Have a great weekend! Continue reading Sunday Update Week of January 28th – The SMA (20) Wall Holds But Government Reopens
A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. In this weekend’s analysis, we take a look at the broad markets after continued moves to the upside, with SPY, QQQ, and XBI all closing at or near the longer-term 20-week simple moving average resistance. As the market has not been phased by the government shutdown, the weekly SMA (20) is the only “wall” the market needs to pay attention to.
Government shutdowns have a significant impact on federal employees, government contractors, and many companies relying on government services. Most shutdowns are resolved within a few days and there’s little impact, but in some cases, shutdowns have lasted more than two weeks. These longer stalemates have become increasingly common since the 1990s with shutdowns during Clinton, Obama, and Trump’s administrations.
Let’s take a look at the impact of government shutdowns on businesses and how the three longest shutdowns have affected stock market returns.