"Stock Market Recap" today is exceptionally detailed and educational for those who are looking to elevate their trading processes.
cfromhertz provides a thorough breakdown of his thought process regarding weakened breadth and divergence (which he had been cautioning since last week $Invesco S&P 500 Equal Weight ETF(RSP)$ divergence and 4-week net low prints) well before the post-FOMC Q&A selloff. This video highlights the critical importance of staying vigilant when market breadth deteriorates, as it’s only a matter of time before it catches up.
He also reveal truth about his losses from the sell off, and valuable insights into potential upside catalysts at current oversold level vs downside risks to later pre-market core PCE price index (the Fed’s preferred inflation gauge), the impact of the dollar and interest rates on equities, caution of volume analysis in today's 'triple witching' event, and a sector-by-sector analysis.
This is a must-watch and bookmark worthy for anyone aspiring to become a true professional trader. It’s this level of analysis and thought process that can truly elevate your trading game. Every month, he also present his long term market beating CAGR performance He is truly set to be as inspiring as Stanley Druckenmiller.
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