Stock Market Update: SPY

Joe Rabil gives an update of the stock market conditions including Sentiment, Volatility, Trend and Momentum in multiple timeframes. In today's market update, he discusses why he has his market conditions setup the way he does it. He also explains which area of the market he would favor right now for new buying.
Joe's eBook: www.rabilstockresearch.com/book
Joe's Advanced Trend and Momentum Trading/Swing Trading School can be found at: rabilstockrese...
If you have an interest in learning one-on-one from Joe, email [e-mail]. He will teach technical analysis in more detail or help with developing an investing/trading plan.
Joe Rabil is dedicated to providing unbiased analysis of stocks and markets. Helping investors use time-tested bottom-up technical analysis
The Technical Analysis that he teaches uses simple momentum indicators like the MACD and ADX to analyze and predict trends or trend changes using divergence and overbought/oversold readings. Joe is a recognized expert on Trend, Trend Momentum, and Multiple Time Frame Analysis. Here is a link to his book "Invest Like a Pro": www.amazon.com...
Link for Discount on TC2000 Software and brokerage:
www.tc2000.com...
He displays the analysis in an easy to understand way, even for beginner stock trading.
The videos help with:
-Understanding how to use multiple time frame analysis
- Learning simple technical Analysis
- Effective chart patterns
-Tools for improving timing and reducing risk using multiple time frames
- Measuring trade targets
- Identifying good stops for trades
And most importantly trying to give the right mindset to trade efficiently.

[@caryhughes1382]

Absolutely essential Friday morning homework review!

[@investlikeapro7977]

Glad to hear it! Thanks, Cary!

[@TerryPitman]

Many thanks Joe and very timely! I really appreciate the timeliness. I have bought your book recently and I am reading it now and very impressed and pleased. I hope to take some of your courses soon.

[@investlikeapro7977]

That is great to hear! Glad you like the book!

[@michaeldesantis4494]

Fantastic analysis as always, Joe. Really enjoy these Friday sessions. I like your clarification on the atr in the weekly timeframe, very helpful. Some very nice breakouts this week in long consolidating patterns also (Tesla, Paypal, Uber, to name a few). But I am still focusing in on the small caps and stocks with little correlation to the S&P. Have a great weekend!

[@investlikeapro7977]

Thanks, Michael! I appreciate your comments and input.

[@tradingpoker1324]

Weekly ADX - is this almost bearish reversal signal where ADX cannot get above 25? It's still early in the breakout.

[@investlikeapro7977]

I think the Daily ADX is in more of a ADX failure position than Weekly. But, it really depends on how it reacts this breakout as I discussed in the video. $560 seems like a key level to monitor.