Member Login

Morning Thoughts July 18

Join us in the trading and investment advisory informational webinar today at 4PM ET.  Sign up here:

http://www.anymeeting.com/PIID=EF56DA828549

Please watch the morning video.

We remain long SPY for bucket 2 with an S&P 500 equivalent target near 1386.  Stops are at 1345, which was yesterday’s low and the halfway point of Friday’s rally.

We think upside is the path of least resistance for the coming days because:

  • Summer lull tape is tough to short
  • Options expiration week tends to move the tape up
  • Earnings season good so far
  • Beyond a few days and possibly a few weeks here we still see much negative divergence in leading sectors and parts of the market such as Asia, semiconductors, defensive stocks outperforming still…and more

 

 

Get latest updates on

SET THE MARKET Live at 9am ET Daily

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Want my tips and tricks to the markets? Subscribe and learn more about trading and investing, get an upper hand on the markets and on the path to a steadier trading and investing process. By subscribing you can expect to get anywhere from 2-4 new videos each week with clear, actionable, and relevant market commentary directly in your inbox. Not to mention you’ll be the first to know when we have upcoming Live Training Sessions. Enter your name and email and welcome to The Steady Trader family.

 

Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Read our Full Disclaimers HERE.

Facebook Twitter
Member Login

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.