Latest Market Insights
Scanning for swing trade setups in TC2000 is a guide to help you find the stocks that you care about for your watch-list.
It covers the basics of creating new scans, selecting and filtering your stock universe, examples of a few of my favorite scans, as well as some general tips that I’ve learned over the years.
I’ve recorded a supplementary video below, covering more of the setup process
Equity markets ripped to new time highs today across all of the major averages, but that’s no longer impressive, that’s an every day thing.
It was commodities that were interesting today, specifically crude oil and natural gas nearing inflection points.
We’ll look at crude oil first, and we can see on the chart below that bulls are trying to break us out above multi-month $54 resistance level.
Markets closed strongly in the green today after a mostly red open and early sluggish action. Even the slightest weakness continues to get bid up.
We’ve closed higher 5 days in a row in the S&P500 and it’s clear on nearly any market indicator that we are in overbought territory.
Today, we have our newest confirmation that sentiment is near-term excessively bullish, based on the closing total put/call ratio seen below.