The market got into its sideways range starting about December 16th and is still in that zone. They say dont short a quiet market, but it is also hard to see where strength will be coming in from. The VIX is set up in a bullish manner, but nothing has moved or triggered yet. The big names are still weak, and GLD is diverging from SLV. Is there a clue there?
In the episode TG shares how there are two narratives out there for the future direction of the market and he discuss both of them in the beginning of the video. Which one is true is what we are all debating and what the market is also trying to figure out. TG tells us to step back today and look...
The market has been flagging at its highs as it seems to be awaiting more economic data from CPI and direction from the Fed at FOMC. TG can see the case for both bullish and bearish outcomes and he thinks it will depend on what these two data points come out as. It has been a tough market to work...
Setups are only as valid as the most recent data, and often times that data is greatly influenced by market news. This week was no exception when Jerome Powell rocked the market when he announced the possible reduction of interest rate hikes.
In this week's episode, TG refers to his previous vide...
