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TradingwithTK Q&A

Week End---Q&A
Pattern strategy---where to park unused money

inthemoneystocks

InTheMoneyStocks.com discusses the light volume rally today as commodities fell for the first time this week. They look at their recent calls and analyze the current charts to discover what the markets may be setting up for next week. Enjoy and sign up for the webinar next Tuesday and Wednesday. Discover the keys and methodology that InTheMoneyStocks.com uses to make their accurate market calls.

thermal1

stocktock

StockTock.com discusses another light volume rally for the S&P. We took profits on our S&P long position and are more cautious heading into next week. We discuss the market psychology that went into our long position and why the risk/reward is putting us on the sidelines for now. We look at the bounce in QQQQ and AAPL and why its a disappointment to the bulls. The XLF remains in its channel and we have no interest in trading it until it breaks out of its range. The US dollar bounced back and oil saw its biggest one-day drop since 1991. We look at a way to play the next potential shoe to drop in this market. We also look at the weekly charts of IWM, NASDAQ, and SPY. Hope everyone has a great weekend!

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