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May 31, 2024

These Rotations and Divergences Scream “Volatility Ahead!”
By Don Kaufman

I’m traveling today, back to the island, with a loooong layover in Miami. 

Fitting after a week like this. IN/OUT just closed out its eighth winner, but the markets closed out a short week-long losing streak that somehow managed to feel even longer. Of course, it caps a month of 4% to 6% gains for both indexes, but I won’t be awarding any style points.

Normally, I could care less about what happens on the Dow Industrials - for traders, the one to watch is the S&P 500.

But… when there’s smoke… when there’s excitement brewing… I’ve got to keep my eye on it. And that’s what’s happening right now. The Dow and the S&P 500 are actually diverging right now…

Not only that, but there are significant rotations playing out right now, which we’ll get into. 

Like I said, divergence and rotation means we could be in for some chop in the sessions ahead. 

TheoTrade Daily Chatroom Schedule for Monday, June 3, 2024
9:20 AM to 10:30 AM: I’ll be getting us ready for the opening bell
10:30 AM to 11:30 AM: Professor Jeff Bierman shows you… The Way
11:30 AM to 12:30 PM: Blake Young targets more earnings trades
12:30 PM to 1:15 PM: Gianni Di Poce is watching currencies and a lot more
1:15 PM to 2:00 PM: Brandon Chapman checks top-performing stocks and sectors
2:00 PM to 3:00 PM: Tony Rago finds targets in NQ charts
3:00 PM to 4:00 PM: Corey Rosenbloom will make range and trend plays

I’m Celebrating a Perfect Record
I’m opening up IN/OUT again - briefly - to new subscribers. Why? I just closed out the eighth straight win in this service, a 50% gain on TLT, bond ETF we all know and love. I’m getting the next move ready now, so this is the right time to move. Take a look… 

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade