The major U.S. stock market indices extended last week’s rally, making higher highs (and all-time highs in the case of the Russell 2000). This price action has left market bears in a bad position as they continue to wait for a meaningful retracement.
The SPDR S&P 500 ETF (NYSEARCA:SPY) finished higher +0.96%; the Russell 2000 ETF (NYSEARCA:IWM) ended up +2.85%; and the Nasdaq 100 ETF (NASDAQ:QQQ) was up +1.31%.
In this week’s stock market video, we discuss all major markets, sector leaders and laggards, as well as individual stocks and specific trade ideas for the week ahead.
Here’s a list of some stocks and tickers that are discussed in the stock market video below: SPY, IWM, QQQ, Oil ETF (USO), Natural Gas ETF (UNG), Gold and Silver ETFs (GLD & SLV), Alphabet (GOOGL), Facebook (FB), Amazon (AMZN), Netflix (NFLX), Celgene (CELG), and so much more. Enjoy.
I hope these setups give you some ideas for next week. You can check out more of my work at The Trade Risk. Thanks for reading.
The author does not have a position in any mentioned securities at the time of publication. 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.