Author: Evan

Crude Oil Testing Appetite of Long Term Bulls

After falling more than 11% in the first 3 weeks of March, crude oil finds itself re-testing a rising multi-month trendline extending back 12 months to April of 2016.

Image Crude - Crude Oil Testing Appetite of Long Term Bulls - The Trade Risk

Short term momentum remains lower in the black liquid, and therefore caution is advised, but be aware longer term dip buyers could start picking away around this 47 area.

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Bullish Weekly Developments In Small Cap Stocks

After 14 weeks of moving sideways, the small cap index, Russell 2000 $IWM is back re-testing the December 2016 multi-month highs.

Image of IWM - Bullish Weekly Developments in Small Cap Stocks - The Trade Risk

We briefly broke above this 138 area in late February, but ultimately couldn’t maintain higher prices for very long and traded back down towards the middle of the range.

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Current Stock Market Technicals Into the Fed

All eyes are on the Fed tomorrow which has the potential to be a market moving catalyst. I have no helpful insights into what remarks to look for from the release, but I can outline the current stock market technicals to help you create a plan for the reaction.

  • The $SPY ETF is trading around its largest pullback YTD which is a laughable 3 SPY points off highs.
  • The VIX is off YTD lows, trading north of 12 and was up about 10% on the day earlier in the session.

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