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.
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 the first moves into 2019. After a rather sluggish start, Friday proved that there are some bulls still left in the equation. Will the bullish momentum continue into the rest of the month of January? Check out the charts in this blog to see how they look!
The finance industry loves to separate traders and investors, treating them as two separate things. That can mean different terms at the broker, different support, or even different approaches to evaluating the markets. But here’s the thing, while there are differences in how traders and investors assess risk and put money into markets, both in essence are trying to predict the future direction of the asset they are buying.
If you see traders using tools that can identify market direction accurately, why would you, as an investor, ignore them? You wouldn’t, which is why investors really should be looking at technical analysis more closely to stay ahead of the game.
This week has been incredibly volatile with some crazy action across the board from blue chip to small-cap stocks. In this Thursday analysis, we take a look to see how some of the weekly candles are set up into the second half of the week with the markets looking strong overall into the month of November. However, with such a strong move up over the last few days, things can always reverse quickly especially with an event like elections right around the corner next week.