A Tale of 3 Indices


Stocks end the week with a small rally brushing off any concerns about the French election on Sunday. However, once again stocks close the week within the expected move and that is why we have been sharing these crucial levels each week. Watch this important weekend video to find out what trades I'll be doing this week and how you can be prepared for the week ahead...

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3 Comments

  • Dom

    May 6, 2017

    Thanks Don....great weekend update! nice comment on the metals..

  • Renn

    May 7, 2017

    Hi Don,

    Thank you for the great information !

    Question... I've been wondering this for a while now... how can the markets ever correct through price if central banks like the Swiss national bank is buying NASDAQ stocks like crazy. This might be the topic for a whole video, but it just doesn't make sense anymore with central banks owning individual equities. Why would they ever sell and they have a limitless reserve of cash so they can always buy any dip.

    "Swiss National Bank had gone on a record buying spree in the first quarter, boosting its total equity holdings to an all time high $80.4 billion, up $17 billion from the $63.4 billion at the end of 2016, the biggest quarterly increase in "AUM" in history."

    If you look they have tons of AAPL and GOOG, it doesn't seem like we have real markets anymore - in Japan the central bank is holding a large percentage of all stocks so is everything we ever learned about free markets might be false now that central banks have taken the markets over????

    Love to hear your thoughts on this topic,
    R.

  • Doug

    May 8, 2017

    it looks like your tsla will work maybe 275. qqq daily adx has crossed with a slope in your favor I'm gonna short aapl. to 144. xlf looks to be dropping. xle looks like a bear flag adx has long way to go possative. id wait on the silver. don't like the big M. vix has to increase for the spy to drop,it looks flat. iwm to 140 141. eem +, tlt -.