We continue the analysis of the S&P 500 Index and frame out what to look for in the coming week. Also, I explain a nice long trade set-up in the SPX as well as a stock trade done by one of our subscribers.
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I liked the video because he added a lot of commentary to the analysis, and combined all of the topics that he covers in a single video. Shows how it all works together.
good video, but try getting a new mic
I will work on that.
bro the MACD on CCL have nothing to do with anything. It Rally because of Saudi buying it was purely news trading. Also The Market 7% Rally also help it. On the last Push it was because of the Russel Rallying…
Dow theory 101: 1. The Market Discounts Everything
If you a believer in Technical analysis then the Dow theory tenets are pretty important. Your analysis is very true, but the price movement is an aggregate of those worldly events. MACD is a derivative of price so it is part of the picture the price is telling you.
I use MACD and technical analysis tools to find buy and sell setups with an edge, plain and simple. The methods described in these videos offer that. There is always a fundamental reason behind the move, no argument there.
@Matt Heffernan I was pointing out that using CCL as an example was horrible. That was not a set up what so ever.
@bumble144 Thanks for explaining. Joe mentioned that this was a trade one of his subscribers did based on the info that was taught on this channel so he was just passing it along. Joe has done a lot of video’s on MACD and multiple timeframe analysis so you should watch some of the others to see if you agree in the usage. Thanks for contributing to our group.
Insightful, quality video – thanks
Glad you enjoyed it!
In summary – the market could go up. Or the market could go down. Waste of time
If you go back and watch the S&P Bottom video Joe said we have pretty oversold conditions. He pointed out at what levels we would hit support and that we would get a pretty decent bounce off that support. That analysis was spot on. His next video stated how we have broken the 38.2% retracement which means we would prob hit the 50%, which we did the following week. This time he said since we hit the 50% this is make or break time for the market, so I take that as wait for the market to prove its next direction before putting more money to work…