This week the markets continued to climb the proverbial wall of worry as buyers took the QQQ’s to all-time highs showing once again that all pullbacks this year continue to be buyable.
The US indices are having a banner year with the SPY’s and QQQ’s returning over 20% and 25%YTD respectively. With just over 2 months of trading left in the year, there’s no reason to say it won’t end as a big year for the bulls.
This final trading week of October is shaping up to be a potentially volatile one as we have the FOMC announcement on Wednesday as well as AAPL, FB, and GOOG reporting earnings.
In this week’s video, I discuss the volatility in Bitcoin and cryptos and the importance of understanding your trading edge.
Watch this week’s Weekly Outlook video to see the setups and levels we’ll be watching.
In this week’s video, we look at the technical outlook for the VXX SPY QQQ IWM DIA EEM TSX TLT GLD SLV BTCUSD ETHUSD EEM and more for the week of Weekly Market Outlook For October 28 – November 1, 2019.
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