TG explains that while the SPY seems like it is trying to hammer out a local bottom, other bullish areas of the market are getting hit hard. The main thing we are seeing there is that commodities are showing significant signs of lowered demand and could also be a signal of global economic slowdowns. If the market does have a bullish run next week, it could also be right into a shortable opportunity.
00:00 – Intro
01:12 – SPDR S&P 500 (SPY), CrowdStrike (CRWD)
04:18 – ProShares Ultra VIX Short-Term Futures (UVXY)
05:17 – Invesco QQQ Trust (QQQ), iShares Russell 2000 (IWM)
06:20 – Oil (USO), Chevron (CVX), Occidental Petroleum (OXY)
09:30 – Kinder Morgan (KMI), Archer-Daniels-Midland (ADM)
11:09 – Soybean (SOYB), Wheat (WEAT), Corn (CORN)
13:07 – VanEck Agribusiness (MOO), AGCO (AGCO)
14:53 – KraneShares CSI China Internet (KWEB)
16:50 – Pinduoduo (PDD)
17:02 – New Oriental Education & Technology Group (EDU)
17:28 – Vista Outdoor (VSTO), Destination XL Group (DXLG)
18:38 – Bood Barn (BOOT)
Contact TG Watkins for questions, comments and ideas:
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@Simpler Trading @Simpler Trading’s Profit-Pilot
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