The Market's Trend Is Nowhere Right Now

The S&P 500 looked like it was headed north in the minutes before the open, and that’s what it did… until about 9:50 when it started selling off. Any kind of strong start to the day needs to be taken with a boulder of salt these days. This market is just completely trendless right now. Here’s why…

TheoTrade Daily Chatroom Schedule for Thursday, April 18, 2024
9:20 AM to 10:30 AM: I’ll get everyone ready for the opening bell
10:30 AM to 11:30 AM: Professor Jeff Bierman will boost your trading skills
11:30 AM to 12:30 PM: Blake Young has some must-see charts
12:30 PM to 1:30 PM: Gianni Di Poce is looking at the equities cycle
1:30 PM to 2:00 PM: Programming break
2:00 PM to 3:00 PM: Tony Rago looks minute-by-minute at NQ NASDAQ futures
3:00 PM to 4:00 PM: Brandon Chapman scans the whole market for opportunity

We Just Released Several New Picks
We had a fantastic session - tons of moneymaking potential. We had stock picks from Gianni DiPoce, including ITRI and VECO. Brandon Chapman released two spreads for playing HOG and XLU, and yours truly dropped a new In/Out trade (less than a hundred bucks) on COST. You can learn how to get my special In/Out trade recommendations right here - I’ve done a few and many of them have been gainers.  

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade