Stocks Jumped Their First Hurdle – Here’s How They Can Clear the Next One

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLW5vY29va2llLmNvbS9lbWJlZC9DQ0N6ZFk0anQ2VT9zaT1zTGtOUzNvVFRlR0ltV0d6IiB0aXRsZT0iWW91VHViZSB2aWRlbyBwbGF5ZXIiIGZyYW1lYm9yZGVyPSIwIiBhbGxvdz0iYWNjZWxlcm9tZXRlcjsgYXV0b3BsYXk7IGNsaXBib2FyZC13cml0ZTsgZW5jcnlwdGVkLW1lZGlhOyBneXJvc2NvcGU7IHBpY3R1cmUtaW4tcGljdHVyZTsgd2ViLXNoYXJlIiByZWZlcnJlcnBvbGljeT0ic3RyaWN0LW9yaWdpbi13aGVuLWNyb3NzLW9yaWdpbiIgYWxsb3dmdWxsc2NyZWVuPSIiPjwvaWZyYW1lPg==[/video_player]

I was singing a decidedly cautious tune last week, especially compared to the week before…

But then, on Friday, a very weak payroll report slammed a strong bid under stocks. Bad news is good news (again). Market players hope the sign of a softening economy will mean a more dovish Fed in the near future.

I’m not convinced that’s the case at all – and you shouldn’t be, either.

Don’t mistake that for gloom: I still believe stocks can rally from here, and I’ll show you why. And I’ll show you the key technical levels stocks have to clear to keep the bull running. Bonds also loom large in whether or not stocks can power on.

That said, I’m finding some nice setups in all of this, and that’s what we’re going to look at right now…

More from TheoTrade

The Boeing Rule That Cost Me $4,000

My First 2 Trades Were Winners. Then Came the Hard Part.

Where Big Money Leaves a Fair Value Gap on the Nasdaq

What Bailing Early Cost My Trading Room

Where the Real Selloff Starts

The Volatility Futures Just Did Something They Haven’t Done In 6 Months


Most Recent

The Boeing Rule That Cost Me $4,000
My First 2 Trades Were Winners. Then Came the Hard Part.
Where Big Money Leaves a Fair Value Gap on the Nasdaq
What Bailing Early Cost My Trading Room
Where the Real Selloff Starts

Get educational market insights sent right to your inbox.

As Seen In