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IWM Continues to Face Resistance Between $205-$210
IWM has been trading near a key $205-$210 zone, and needs to break through this resistance level to rally. There was a previous break before the flash crash, and IWM will need to break through this barrier for a second time for small caps to rally. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreSlow Recovery for the NASDAQ, S&P
This morning we received bullish US jobless claims data. This news is helping investors remain calm about the state of the US economy even though Sahm’s rule was activated last week. Now the narrative is that the US could potentially avoid a US recession. These narratives will always get you in trouble, I would still […]Read More
The Yen Carry Trade: A Global Margin Call
Emergency rate cuts will exacerbate the Yen carry trade. Be careful what you wish for. And BOJ’s announcement that they will not raise rates in this market instability is a sign of panic. It is not bullish at all.
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