In this video I cover my thoughts on the week ahead. I touch on some of overall sentiment but, this video focuses on the week ahead as I take you through my weekly preview practices. This is shortened down version of how I like to prepare but, it should give you a good idea of what I look at before the week starts.
We the following concepts:
Chart analysis
Investor sentiment surveys
High-level Market Breadth
Futures contract reports
I usually cover the percentage of stocks in the S&P500 above their 50 day MA but, I totally forgot to in this video.
The SPFI S&P 500 above their 50 day MA is nearing the apex of a potential double today. Which means it could set up for the measured move objective I mentioned last weekend.