Here’s The Set-up For A Great Trade Today

April 21, 2023

Author

Before the open you need to devise a game plan and you need to know how you will react to various scenarios. We don't always get what we want, but this is the set-up I will be watching for.

PRE-OPEN MARKET COMMENTS FRIDAY – There is not a lot of incremental overnight news. The S&P 500 will open inside of the prior day’s range and it is flat. The market is bumping up against major horizontal resistance. This light volume bounce is 10% off of the low from March. It will need a catalyst to push it through on heavy volume. Earnings season could be that driver, but I doubt it. I still believe the market needs to spend time in the range and earnings need to catch up to valuations. Asset Managers are not aggressively buying and that is why the volume is so light.

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Here’s The Set-up For A Great Trade Today

Author

Before the open you need to devise a game plan and you need to know how you will react to various scenarios. We don't always get what we want, but this is the set-up I will be watching for.

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Here’s The Set-up For A Great Trade Today

Author

Before the open you need to devise a game plan and you need to know how you will react to various scenarios. We don't always get what we want, but this is the set-up I will be watching for.

Want Full Access?

Become a Member

Share