Market is having its roller-coaster movement of ups and downs since last week. The movement is amplified especially in this week when the new FED chairman is expected to speak on Thursday.
BigMoney is not expecting SPY to reach $272 on Tuesday and Wednesday. Why is that so?
An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. ETNs are designed to provide investors access to the returns of various market benchmarks.
An extended selling at start of the week but selling should ease off by mid week.
Possible some profit taking in the market with FOMC statement in the week. Retracements may be shortlived.
At end of 19 Jan, the US gov had a shutdown. The last US gov shutdown was in Oct 2013.
Observation for last week (02-05 Jan’18) & this coming week (08-12 Jan’18)
The top 10 holdings of indices plays an important and critical role to the price movement in the indices. The weightage seen in the top 10 holdings provides an additional insight of which stock that has really supported the indices during huge rallies.
Looking at just Win Rate and Risk Reward Ratio is a common mistake retail traders make when evaluating trading performance.
Retail traders often overlooked the more important criteria called Expectancy. Please allow me to explain…