With so much talk surrounding the Fed’s Hawkish, no Dovish….oh wait, Hawkish…. oh who the heck knows….statement. Quint talks a bit about where we are in the cycle and what to look for over the longer term.
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The most beaten up sectors saw a squeeze this afternoon however no real buyers stepped in to take up healthy stocks. Until buyers step in, we have to be very cautious moving forward.
Traders often get into a lot of trouble trading on what could be, rather than what is. Are you aware of exactly what is taking place out there right now? Are you trading accordingly?
It looks like the fade will be an easy trade, but will it work for longer than a few minutes?
On this special Father’s Day, Quint takes a break from Daddy-ville and does a run down of the chart action for this past week and the trading days ahead.
