Montana is known for many beautiful things – the Glacier and Yellowstone National Parks, wide open prairies, even gold and sapphires.
But last Friday, the Treasure State was involved in something a bit less appealing. Between 1pm and 1:10pm, news about Montana sent the Dow down more than 231 points.
Now, this wasn’t the fault of Montana or the fine people that call it home. Instead, it was the latest piece of evidence that the markets are extremely sensitive to the tariff troubles with China.
And a reminder that trading in this headline-driven market requires a special mindset.
That’s true even when, as in this case, the news doesn’t really matter in the long run.
More importantly, that doesn’t mean we can’t trade it. In fact, my premium subscribers had an opportunity to make great deal of money in a single trading day despite the maneuverings of the China and U.S. trade delegations.
Here’s what happened, and how you can prepare for when this happens again…
Happy Saturday to you! While you’re hopefully enjoying a nice, relaxing weekend, I wanted to take just a few minutes (10, to be precise) to bring you a market update.
The biggest headline of the week was certainly the attacks on Saudi Arabian oil production facilities. The brazen attack on a big player in perhaps the world’s most important industry has the markets incredibly concerned, but there’s reason to believe that this week’s attack will be less of a problem than originally thought.
As such, much of the market’s focus has been on earnings reports and technical analysis. In today’s market update video, I’ll show you how the market has now broken out of the box that it had traded in for several weeks and what levels of support and resistance to watch for going forward.
There’s a great chance that we’ll experience a grinding bull market which will experience some pullbacks along the way as we test the all-time highs once again. You’ll want to be aware of when the positive movements are likely to fall, and I’ll show you exactly when I believe that will be – and how the depth of those pullbacks will give us a good indicator of the health of the bull market.
Click here to watch this week’s market update…