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Free Monthly Market Look Ahead is happening in 19 hours
Market Overview (Week of 6/24/24)
The Markets: Though QQQ and SPY both saw some selling pressure last week we are still in an overall uptrend. QQQ and SPY neither one have seen a real pullback on the charts since the end of May. I would not be surprised to see some selling pressure continuing this week as a pullback could be healthy before we potentially keep climbing. That said, be careful shorting such a strong market. Trade with the trend. My bias will not change until or unless we break the trend line or stop putting in new higher highs/lows. Economic News: - Monday - Fed Speaker Daly at 2pm EST. I don't expect her to say anything that would change the direction of trading intraday but it's always good to be aware. - Tuesday - Home Price Index released in the premarket might provide some important levels for the day. Fed Speaker Cook at 12pm EST. - Thursday - Jobless claims and GDP in the premarket could provide important levels for trading around the day. - Friday - PCE data in the premarket could create important levels for trading around. Fed Speaker Bowman at noon EST. Notable Earnings: Tuesday - CCL Thursday - NKE Interesting Sectors: - None
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New comment 6h ago
Roll Call! Monthly Market Look Ahead is tomorrow!
How’s it going Trash Pandas! Comment below with an update on your trading over the last month, and let us know if you are attending tomorrow’s Look Ahead call!
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9/50 EMA Crossover potential?
Hi, Just watched the setup video this morning and now looking for plays to test this strategy on. Came across GLD + GLL (GLD short). GLD looks like it's close to crossing. May want to wait until Friday or Monday to make an entry on GLL. Any thoughts?
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New comment 3d ago
9/50 EMA Crossover potential?
Hello all
I’ve been following Trash Panda on X for a while. Love the content. Been trading consistently for a few years using the Daniel’s Learn to Fish strategy. Always looking to learn more and find a new edge!
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New comment 5d ago
Introduction
Hi all! My name is Ben June. Been trading for about 15 years. I follow Panda on Twitter and have appreciated his knowledge for a while now. I'm looking forward to what's next. I'm a day trader and swing trader, doing more options lately than commons. I write and sell stock indicators, including the #BenMACD. I'm excited for what's next from the Panda!
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New comment 6d ago
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