Weekend Stock Market Video (July 28): Mind Your Trading TimeFrames

Our weekend version of our market outlook covers a busy week of market action and analysis for traders.

Below is a summary of what’s in the video. Please feel free to comment or hit us up with any questions.

–  Recap of current market posture across the four major U.S. equity indices.

–  Bullish intermediate postures retained on the Market Forecast indicator for S&P 500 (INDEXCBOE: .INX), Dow Jones Industrial Average (INDEXDJX: .DJI) and NASDAQ Composite (INDEXNASDAQ: .IXIC).

–  Bearish intermediate posture on the Russell 2000.

–  U.S. GDP is strong and at the highest level in several years.

–  Earnings were a big factor with Amazon (AMZN), Intel (INTC), and Twitter (TWTR) reporting.

–  Value is starting to perk up versus growth in the ratio charts.

–  Sector Thoughts: Recent strength in the Financials sector (XLF) is likely due to a bounce in interest rates. Consumer Staples (XLP) continue their slow and steady march higher

–  Today’s trade idea references an article I wrote right here for See It Market earlier in the week and circles back to Hershey’s (HSY) to see if there’s an opportunity to sell a put after today’s pullback.

 

Twitter:  @BrandonVanZee and @Market_Scholars

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.

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