'Buy The Dip' - Sure Hope You Did

Chart, Trading, Courses, Forex, Analysis

Image Source: Pixabay


We were excited about last week’s lows and for a good reason. I told everyone to wrestle with the bear and get in the market and go shopping. We’re off those levels now, and I still think taking advantage of the selloff was the right call. I’m seeing some encouraging signs bubbling underneath the rally we’ve seen over the last two sessions. Tech and chip stocks are leading the move higher. (Though I still think the setups are better in energy right now - more on that in a minute.)

Beyond equities, things look even more exciting, particularly the carry trade in the Japanese yen. The market wants Japan’s central bankers to end their negative interest-rate policy, and there are rumblings, but traders are calling their bluff. I think there are great opportunities there. Bitcoin and crypto are behaving nicely, too. There’s a lot to talk about today, so let’s jump in…

Video Length: 00:11:30


More By This Author:

Here’s What You’ve Got To Watch For As Earnings Ramp Up
The Coming Currency Crisis
The Volatility Animal Is Waking Up

Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.