Visibility: Public
Read/Watch Time: 25 minutes
There’s so much going on.
Debt ceiling, Out-of-control government spending, Bank failures, Inflation, Wars, Politics, Social issues, Artificial Intelligence, Higher interest rates, and declining corporate earnings are among the significant considerations.
Isn’t it nice that we follow price? We can find things to go long/buy and we can find things to go short/inverse.
There are a handful of stocks that are keeping this market afloat. Most of them are involving some promises of a bright future with AI.
Other markets like financials, energy and small cap stocks are showing weakness. Plus, China and Europe are showing some signs of slowing as well.
Then, there is the stronger US Dollar that could be the canary in the coalmine. It’s never dull.
It’s best to be agnostic. There are so many narratives thrown at us from different news and media sources. Some say to be Bullish. Some say to be Bearish.
We say “Follow Price”.
Feel free to teach this to your family and friends. You’ll learn it a lot faster. We appreciate the referrals.
Here is the video link: https://squiggletrader.com/wp-content/uploads/2023/05/Markets-Update-Long-and-Short-05312023.mp4
BTW… In the video I mentioned a specific bearish Japanese candlestick formation. It’s actually called a “Shooting Star”. Here a link to a brief video of that: https://www.bing.com/videos/riverview/relatedvideo?q=bearish+reversal+candlestick&mid=11EBDC53215BC9DF62AB11EBDC53215BC9DF62AB
Cheers!
Bo – Chief Squiggler
Help Yourself. Help Others.
Disclaimer
This communication is not a recommendation to buy or sell any security. It is not to be considered financial or investment advice. This is an educational and training tool only. If a specific security is mentioned, it is for illustrative and hypothetical purposes. You must use your own knowledge to determine what to trade, how much to trade and when to buy or sell. Investing and Trading involves risk, and you can and will lose money. Past performance is no indication of future results. You should practice with fake/virtual money (paper trading) before risking real money. All communications and videos are for members only and are not to be shared. Consider all content copyrighted.