Trade Setups For A Never Die Market
This market knows no bounds. There is a million reasons why this market should be much, much lower, but the central banks don't want that, and until they take their foot off the gas pedal, I don't expect much to change. At least not ahead of the US election in November.
The world clearly doesn't like Donald Trump, at least the establishment doesn't. He is a threat to the existing power structure and status quo, so the notion that the Federal Reserve would tank this market by raising interest rates just a few months out is completely ludicrous.
Inflation could rise to 1,000% and they will still say they are watching economic developments. Bank on it!
As a result, here are the bullish setups I am following this week. I've already added one of them this morning, and could add another one this afternoon if this market would quick muddling around.
...And a quick side note about the list below. Once a stock has made its move, I take it off of the watch-list. This isn't a "look at all my great calls list"; this is about identifying potential long setups that have more upside. If a stock, like Rackspace (RAX) from last week, makes a big move and there isn't a good trade setup any more for keeping it around, I am going to remove it from the list. It is about where the stock is going not where it has been.
2016 couldn't be any more crazier than it is right now and you are probably searching for a way to conquer these senseless markets. So do yourself a favor, stay in the game and sign up to ...
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