Market Update

[daytradingradio 10]

Week before Christmas Outlook Plus update on Positions and What to trade

 

Just more greatness from DayTradingRadio , The video true value is in the constant reminder of staying within your strict criteria. There are a handful of great patterns and trigger areas that algos and other machines key in on. This knowledge means nothing if you don't have the patience to wait for them to show up or the discipline to lock in profits. Still looking for more upside in last week's best bet. $CL plus lots of other stocks

 

Edited December 19, 2016 by daytradingradio
changes

[daytradingradio 10]

So lets do a fast recap excerpts from Briefing

 

 

 

The S&P 500 declined 5.1% in January; meanwhile, the Dow Jones Industrial Average declined 5.5%, marking the worst start to a year for the Dow ever

 

 

China's stock market dropped 7.0% alone on its first day of trading in 2016.

 

 

The meltdown didn't end when January came to an end either. The first half of February brought additional selling pressure that left the S&P 500 down 11.4% for the year at its close on February 11 -- and then the selling ended.

 

 

While the S&P 500 declined 0.4% for the month of February overall, it surged 5.6% from its close on February 11 to the end of the month.

 

 

Then up from there!

 

March was a huge month, producing a 6.6% gain for the S&P 500, which was followed up by a 2.7% gain in April, and a 1.5% increase in May.

 

June 23rd Brexit Vote

 

That vote proved to be a stunner as the majority of UK voters voted in favor of the UK leaving the European Union. That decision flew in the face of conventional polling wisdom and it triggered a knee-jerk sell-off that knocked the S&P 500 down 113 points, or 5.3%, in the two sessions following the result -- and then the selling ended.

 

Briefly, the stock market meandered its way through the months of August, September, and October with a somewhat negative orientation that was rooted in falling oil prices, a weak health care sector, and rising bond rates.

 

The biotech stocks in particular were hit hard as talk on the campaign trail of drug price controls clipped their wings.

 

Donald Trump stunned conventional polling wisdom and won the electoral vote. In turn, the GOP won enough seats to have majority control in both the House and Senate.

 

There were huge declines in the futures market on Election Night when results pointed to a Trump victory, yet there was even a bigger reversal in the cash market when trading began the next day.

 

The post-election rally was powered by the financial sector, which took off on a pro-growth trade that featured a steepening yield curve, and cyclical sectors that would be in a prime position to benefit from faster growth and rising inflation.

 

The final tally for the year is impressive

 

 

[daytradingradio 10]

Great trade based off the dual stochastic HPS setup and a sweet Lane divergence to help time second entry for another trade into tomorrow. Day Trading Radio Stock Market Radio Show - Trader Education | Live Alerts | Technical Analysis $SPX $ES_F $SPY

 

[constancehill 0]

This market is not only sitting for hours in front of the computer watching graphics and doing operations, that is the final work, there has to be a whole preparation prior to that moment, a good operator must have a plan of their own.