Media and social media has a tremendous effect on the markets. It also has and effect on the mind of a trader and how they place their trades.
In this episode of the SCT Podcast, Sarah will discuss how the constant messaging from the media can have a negative effect on your trading and some strategies to tune out the noise. The market is very good at showing traders where it will move next, as a trader you have to watch for the clues and use evidence to get the edge in the market.
In this weeks podcast, we discuss the S&P 500 chart and where we think the market support and resistance is this week.
We had discussed after the correction on Dec 24th, that we believed that the market would make small daily moves to the upside. This premise has been proven as the market has made daily small moves up over the last few weeks. We feel that this will continue as long as the US political landscape remains the same as it is now. If there are any changes to the ongoing Government Shutdown, US China Trade dispute or other notable headlines the market will in our view see a larger move.
Earnings season is about to begin and it will set the tone for the remainder of 2019. Many companies have hinted that earnings and revenue growth will be less than last quarter. The market seems to have priced this in thus far. However it is our belief that if companies release numbers that are even lower than their initial guidance then the market will not be kind to them and they will see larger than anticipated price adjustments to the down side.
The market is showing signs of a recovery, however this is not a well established or confident rally, that could end any day.
The S&P500 continues to show the volatility that we saw at the end of December. The market has pushed up from the low we saw at the end of December. There is talk in the media about how this is a good time to start buying stocks after the pull back and to start building a position now that the market has pulled back.
In this episode of the SCT Podcast, TJ and Sarah will discuss if they think the market has made a bottom and if it is time to start buying.
There are many conflicting signals that the market is showing at the bottom. The S&P500 is stuck under resistance on the weekly chart, but has managed to break above resistance on the daily chart. There are continuing issues, such as Trade, The US Government shutdown and others that continue to weigh heavily on the market.
Tune in to hear if it really is the best time to start buying stocks again.