A worse than expected jobs number on Friday wasn’t enough to take the stock market down. For the week, stocks jostled back and forth in a tight range (1%) last week, with the S&P 500 finishing down just 0.25%.
Patience is tough for traders, but it’s a requirement now. With a Federal Reserve meeting and a Brexit vote still on the horizon for June, traders are sitting tight waiting for the price action to lead them.
Those outcomes will likely bring a lot of “noise” to the market, so traders will likely be tested this month. Focus and discipline will be necessary.
Lots of high quality trading links this week from some great names in the financial blogosphere. Enjoy!
This week saw a historic jump in AAII investor sentiment – SentimenTrader
Fund Flows suggest demand for safety – Willie Delwiche
How companies plan to spend money this year – Josh Brown
Copper is testing a major level – Chris Kimble
The Yen is setup to decline – Trading On The Mark
James Bartelloni with a look at Under Armour’s larger correction target
Black Swans, White Swans – Steve Burns
Diving into the U.S. yield curve – Ed Yardeni
NEWS & RESEARCH
Uber will lease a car to just about anyone – Fast Company
How to make good habits stick – Barking up the Wrong Tree
A new method to keep donated organs alive – Washington Post
What a glorious bull market in all things college:
Virtual Reality could give PC sales a boost – Investors.com
Thanks for reading. And be sure to check back next weekend for another round of “Top Trading Links”.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.