Can the Market Sustain a Bounce and Brian Is Back
Welcome back Brian from his trip to Peru, where he hiked up part of the Inca Trail to Machu Picchu with his son, Scott. Brian traded AMD and TQQQ with me this morning. You can watch the recap we posted in our YouTube channel here, and make sure to subscribe and ask your questions in the Comments section too. Diddly Doodly!
Today’s Global News and Financial Recap
Stocks rose in Europe after US President Joe Biden said that tariffs imposed on China by the Trump administration were under consideration, sparking speculation that there may be a reversal of some measures. US stocks also rose, in a volatile day that went green and red all morning long. The market has shown some signs of bottoming, but participants in a recent MLIV Pulse survey expect the S&P 500 Index gauge to keep falling and bottom around SPY at $350. Get ready for a fresh slump in SPY, the world’s most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades.
At Bear Bull Traders…
For Monday Onboarding, all members, and especially new members, are encouraged to join Carlos, Mike, and Kyle at 7pm ET tonight as they walk you through the tools needed to start your trading career and introduce you to both our philosophy of education and our suggested path to success, with the end goal being that you will be able to build your own winning TradeBook for the stock market.
At 8pm ET tonight, for Monday Technology, Ardi will be leading a webinar entitled: How to Use Sentiment, Bonds, and Options in Your Decision-Making. Ardi will show you how to utilize the yield curve, the VIX term structure, and many other indicators as part of your decision-making process.
For Tuesday Strategy, starting at 8pm ET, I will be heading up a webinar entitled: How to Find Stocks in Play for Day Trading. I will review how I select stocks to put on my watchlist and how some stocks make the cut to be on the “usual suspects” list. I will also discuss what is a good order flow compared to choppy price action.
At Peak Capital Trading…
There’s another week ahead of excellent learning opportunities for our boot camp participants. Tonight, at 7pm ET, John will be discussing how to create a spreadsheet journal for your chosen trading strategy. On Tuesday, at 6pm ET, Mike will be speaking about the crucial subject of how best to develop your approach to money and risk management. Following that, at 7pm ET, Thor will be leading a webinar entitled: Tape Reading 101. And then on Wednesday, at 11am ET, Aiman and Dimah will be heading up a presentation on the steps involved in strategy exploration.
And Finally…
Still fresh from the pandemic, it appears we might have another one soon, as Beijing has reported a record number of new COVID-19 cases. Containing COVID-19 has come at a crushing social and economic cost for China. Millions of Shanghai residents have been confined to their homes for weeks, and even though the lockdown is easing, many restrictions remain in place. Meanwhile, confirmed and suspected monkeypox cases have been identified in Europe and North America in recent weeks, raising alarm in a world still reeling from COVID-19 outbreaks.
Let’s hope we do not have to deal with another round of the pandemic anytime soon.
To your success,
Andrew
