Why Did the Stock Market Go Up Today
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- Опубліковано 27 чер 2024
- Why Did the Stock Market Go Up Today. Get my Cycle Indicator at: go.topdogtrading.com/freetrai...
Why Did the Stock Market Go Up Today? The stock market rally for day trading and swing trading options, crypto, stocks and stock market, futures, eminis and Forex on TradingView, MT4, MT5, thinkorswim, telegram, discord, webull, reddit, robinhood and other technical analysis charting platforms.
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See PART 1 of this series here: • Stock Market Crash 202...
See PART 2 of this series here: • Stock Market Crash 202...
See PART 3 of this series here: • Stock Market Warning
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RISK DISCLAIMER:
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HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
00:00 Introduction
00:39 Reviewing the Charts
03:48 Election Year
04:38 Fed Announcement
06:22 Future Expectations
08:53 Free Indicator! - Навчання та стиль
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Thank you Sir Top Dog ❤ I also found the 'percentage' chart on Trading View.
I'm glad you found the 'percentage' chart on Trading View! It's such a useful tool for analyzing and making informed trading decisions.
Wonderful insight. Thank you
Glad it was helpful!
I am very happy to see more examples of how you relate your technical methods to macro economical influences. I find this still a bit challenging, but I know improvements will come as I get more experienced over time and practise. Thank you Barry for this very helpful example once again!
I'm glad I could make the connection between technical methods and macroeconomic influences a bit easier for you. Don't worry, it's all about practice and experience. Just remember, even economists need a little bit of magic sometimes!
Hey Doc, Ricardo Angel here, this is probably the best break down of the mkt I’ve heard, thanks a bunch for all that you do. Best instruction ever!!!
Thank you so much for your kind words! I'm glad you found the breakdown helpful. I'll keep bringing you the best content I can!
Great as always. Can you discuss seasonality and when it occurs. Thanks again for all you do!
Sure thing!
Thank you Barry!
👍
Thank you so much for your support! I really appreciate it.
Very interesting, thank you
You're welcome! Now you're one step closer to becoming the most interesting person at parties!
Hi Barry, GDP is still too high though and inflation is horrible still. I was actually very surprised they paused on rate hikes. This by no means implies they wont though. Was studying the volume of the SPY and its not as strong as should be expected for the strong price movement these last 3 sessions. This indicates it moved up on weakness. So im cautious. Is it possible this was all just short covering? Waiting to see more vol come in and the 15 day ema to cross above the 50 to confirm.
Volume is there in treasuries to support the price movement. This seems like the stronger trade and it closed well above its 50 day sma. Looking to buy OTM options in TLT on monday on a pull back. Glad you got in with some more calls!
You definitely pegged the market on your last few videos. What is your take on where the market is going in the next few weeks? That index is interesting...does it take into account the % a stock is above the 50? Seems like most stocks I'm following lately will briefly go above the 50 but not far above it then cycle down again. What's your take ? Are you seeing similar trends that I've noticed? Thanks dr!
It's great you give the macro market outlook by showing the correlation between primary influencing market energies, i.e. Mkt breath, bonds, yields, the fed, etc. It's a nice "top down" approach that shows the bigger picture! Thanks~
Ah, the secret sauce! Glad you enjoyed the "top down" approach. It's like zooming out on Google Maps to see where all the financial roads are leading. Just don't get lost in the market jungle!
Interesting,, S&P has stalled big time at the 50 day ma and gone into contraction with tight daily trading ranges and low volume. Short rubber band setup, trend is still down , %K down with a mini divergence. This rally doesn't look valid anymore. Market seems to waiting for some kind of catalyst to make a move.
Dr. Burns, it's spot on. I think we're looking at either a blow off tops or potential head and shoulders to form
Thank you for your insightful comment! It's always great to hear from viewers who are knowledgeable about technical analysis. Keep up the good work!
@@TopDogTrading You have no idea how much your book and UA-cam videos have helped me on my journey. I owe you a million dollars thanks.
Great analysis as usual Dr B!
I'm grateful for your continued support and encouragement. It means a lot to me.
Hi Barry, Larry Williams always said as unemployment increases. The stock market usually suffers. I understand the level is 3.9 currently. Fundamentals/Schmentals, I will just trade the charts follow the charts that's how you make money.
Good point
my parakeet is most definitely gonna be named barry, most definite
LOL!!! I will feel very honored!
Hi Doc, it's still stuck in my memory that J pow is looking for 2% inflation rate . I'll trade but with hedge...buy position, sell calls buy puts. Thoughts please??
Hedging is a great way to manage positions.
The chart at the top looks like a scanner. What’s the name of that index ?
Thank you for asking. It's not a scanner, but as you rightly said it's an index, called "S&P 500 Percent of Stocks Above 50 Day Moving Average." The symbol on StockCharts.com is $SPXA50R. I'm not sure if it's available on other charting platforms.
How do most of you guys still make profit even with the downturn of the economy and ever increasing life standards.....
That's a great question. Wish I could answer it in this comment, but perhaps I'll create a video dedicated to that.
By going short sometimes,trading the market to go down.Maybe markets sometimes go down or up if economy is bad,who knows.
Where can I find the sp500 and 50dma chart?
There are many free charts available online. Yahoo, stockcharts.com, Tradingview ... so many others.
key word being "unanimously"
Thanks for watching! I appreciate your comment and support.
In a previous video of yours you mention Alan Farley's book. I checked the big A and I'll tell you, I paid like $35 back in the day, not the $95. it is today. So I phoned my son to get my copy BACK!. Thanks for the reminder of how thorough it was. Too old to remember chapter 1, but looking forward to a refresher.
Because Short positions were closed. Nothing Else.
This is kinda my thoughts as well. The volume didnt really support the move in price and for the last 3 sessions the market is hesitant and seems to be stuck without direction at the 50 day sma zone. Its almost like it just needs an excuse to fall again. We'll see.