Are you feeling like the stock market world is moving up without you? All the names you know and love are moving higher – Apple, Netflix, Tesla – and you’re not in them! How can stocks move up without you?! What are we going to do about this?
Form a watch-list. Why? The NASDAQ has just crossed about the 50-day simple moving average. That’s a big deal! Did it make this accomplishment on low volume? Yes! That’s why I’m not head over heels in love with this market. There’s also another reason not to love this market for the time being. Bonds are still near their highs. As a matter of fact bonds are at ten-week support. If this were a bull-phase in the market cycle bonds would have broken support today. Maybe bonds will break support on Friday or next week. Once bonds break decidedly lower equities should then move up with volume and then you’ll know it’s time to be back in stocks.
On this upcoming Saturday’s radio show and video (May 24th) I’ll be talking about proper position sizing, my stock watch list and how to trade USO and TLT. I’ll also teach you credit spread techniques.
You can listen to the show live on Saturday’s at 10:00 AM – just click this link and bookmark it – http://www.iheart.com/live/1190AM-4276/?autoplay=true
You can also listen via the iHeart Radio app. Simply download the app to your smartphone and search for 1190 AM Dallas. There is even an alarm you can set to remind you of when our show is on.
If you want to come into my office and learn about credit spreads send me an email. It would be a pleasure to meet, bond and talk stocks together – [email protected]
I often talk stocks and markets on twitter – you can follow me by searching for my handle – @TJReazor
I hope today’s newsletter helped.
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