In case you missed it, this past week demonstrated once again that we are in a wildly bullish market.
The Nasdaq closed the week near the all-time highs once again running over all doubters and rising on the strength of strong tech names like AMZN, NFLX, AAPL, and TSLA.
When the market’s trend like this sometimes the hardest part is to ignore all the external noise and simply follow price.
As we enter the earnings season all eyes will be on the data points coming out on the major banks who report early in the week and NFLX on Thursday.
It promises to be a volatile week so get ready, strap in, and trade safe.
In this week’s video I:
– Discuss the econ calendar and upcoming earnings names to watch this week
– Talk about why it’s a bad idea to try to call the top in this market
– How we saw the potential move in emerging markets in last week’s video
– How the potential for a negative divergence between the S&P500 and its internals will likely form if we hit all-time highs
Now watch this week’s Weekly Outlook video to see the setups and levels we’ll be watching as well as the technical outlook for the VXX SPY QQQ IWM DIA EEM TSX TLT GLD MGC BTCUSD EEM and more for the week of Weekly Market Outlook For July 13 – 17, 2020.
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